India ranks 60 th out of 148 countries in the world Economic Forum Global Competitiveness Index besides having world third largest economy on purchasing power parity.
Slow Growth, high inflation rate etc. leads to faces many challenges to economy. Apart from
this there are many issues as explained below
Our education system is textbook based, not a pragmatic system .Our
education system focus on read and mug-up entire text book without any understanding of
it.which is not good for our long term benefits
Population Growth is the biggest obstacle in India’s Growth. The
available Resources are limited. But People who consume resources are increasing.
The desired growth rate will be insufficient due to high rate of Population growth.
Start-up Situation: Even though Government launches various policy to promote
Entrepreneurship, it is acted only on paper. Approximate 8 out of 10 start-up failed to
survive. Government policies are not friendly towards people who want to start their own
business. Those who are running their business they have to bribe.
The vast majority of Indians say transparency is their number one concern, in
government offices, documentation , people are right to be concerned. Transparency issues
are not just a daily irritation, they are a drag on the whole economy, hampering
competitiveness, growth and development
India faces the double burden of infectious diseases and a dramatic rise in non-
communicable diseases. These include cardiovascular disease, cancer, chronic respiratory
conditions and type 2 diabetes. Apart from causing individual tragedies, these diseases are
also are a major economic threat. India can lose $6.15 Trillion due to non-communicable
diseases 2030, according to a study by the Forum in collaboration with the Harvard School of
It’s quite obvious that India being a democracy we get to choose our leaders. In
most of the constituencies, people still elect a leader based on their caste, religion, and race.
This is one of the major reasons that the constituencies don’t develop and lack basic
infrastructures. Corruption starts on these levels. The leaders we elect are mostly uneducated
and heavily corrupt.
Corruption is the by-product of all these issues. Due to lack of governance and non-following
of laws. Corruption is at the same place. Because people want to get their work done in
Role and contribution of each individual:
According to a speech that President Pranab Mukherjee gave in June 2014, Brand India now
focuses on strengthening five T’s — tradition, talent, tourism, trade, and technology. If these
five T’s can thrive, the Indian economy should experience faster, more dramatic growth. As
Mukherjee put it, “The people of India have given a clear mandate. They want to see a
vibrant, dynamic and prosperous India.”
Five important features which will perhaps give us some aid in understanding modern India:
A land of minorities
Interaction between two worlds
Poverty, spirituality and modernity mix and coexist
We will lead the world because we have the strength of Youth in our country. More than 50% of its population below the age of 25 and more than 65% below the age of 35 which is enthusiastic, vibrant, and ready to lead country.
We have to make awareness about 100 % education bar.
Build urgency to make broadband penetration, mobile phone, Television media
helps to attain this goal.
Even though manufacturing accounts for 16% of India’s GDP, the Indian manufacturing
sector is only responsible for a tiny 1.8% of the world’s manufacturing output.
Even though India is home to a variety of giant manufacturing enterprises, but there are very
few smaller enterprises. If more small enterprises popped up, it would create more
manufacturing jobs and turn India into a legitimate manufacturing option for other countries
which would boost the overall economy.