Friday 5 October 2012

Arising Indian Economy - What are Significant Goals to Achieve


Indian Economy is rising globally with its sustained and effective policies. World is taking up interest in India for making business and financial relation. FDI is the latest example of global corporate concern. But still there are many financial Issues here which need more attention from Government. We split up these issues in some key-points as economic goals of India -

·         High Inflation Rate - India is facing continuously awful inflation for last two decades. Poverty in India is one of the chief social issues that not resolved yet. Increasing prices of food and other necessary things frustrating ordinary poor and middle class people of India. Farmers committing suicide due to inflation. High Inflation has its other substitutionary issues like unemployment, Famine, frustration, stress etc. It is essential to resolve this matter soon. Government must take up some reforming step to diminish inflation rate.

·         Encourage Young Entrepreneurs - For last couple of year Indian youngster are doing well in corporate world with their unique and productive Ideas. They are our young entrepreneurs and somewhere social entrepreneurs. But, the problem is migration of these talented people to elsewhere. Government need to provide them gratifying facilities and work atmosphere. These people must be encouraged and provided right assistance by the Indian Government.  

·         Promote Domestic Industries - In Indian economy, politics plays a significant role. We have some top India based companies worldwide desiring to contribute Indian financial system, but they also face lots of hurdle in their way. Government should make their way easy and help to move out the obstacle in establishing factories and generative institutes.

·         Attract Foreign Investment - India should have its financial investment structure easy enough to worldwide investment that foreign companies can invest in Indian economy without more complication. FDI is a example of that kind of reform.

These are some goals of India to be achieved for a stronger and fertile economy. We need to consider our traditional business like tourism, teaching etc. also as earning sources.

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