Challenges and Opportunities in Indian growth Story

Indian Economy

What are the Challenges and Opportunities in Indian growth Story ? A recent Speech of Mr Chidambaram ,Finance minister of India on Indian Economy highlights why Indian growth story is likely to be high and a sustained one.India with a young population is poised to reap the benefits of its rich demographic dividend. Indian was largely insulated from the economic slowdown or financial depression in western world.

A large proportion of people depends on agriculture for their livelihood opportunities.India has embarked upon an ambitious programme of shifting people from agriculture to other sectors .

Why are we still not able to attract Foreign direct investment despite its growth story.story. Indian Foreign direct investment is just one tenth of China. India need to overcome its infrastructural bottlenecks and bureaucratic delays to make it emerge as an attractive investment destination.

India need to contain its fiscal and revenue deficit within FRBM targets to achieve fiscal consolidation .This requires containing ineffective subsidies, programmes and policies which are ineffective or those which are not making any impact on intended beneficiaries.

Read more on this in the Speech of the Union Finance Minister Shri P. Chidambaram  on India  as the Next Wave of Inclusive Growth HERE

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