r51due

​本篇paper代写- The Economic Development Analysis of India讨论了印度的经济发展。印度政府在推进国内经济自由化的同时，进行了20多年的经济改革，进一步融入世界经济。然而，印度经济仍面临一些结构性的约束，它们可能成为经济进一步扩张的重要障碍。因此，印度政府应该想办法提升国内产业和制造业的竞争优势，降低失业率，增强投资背景的吸引力。本篇paper代写由51due代写平台整理，供大家参考阅读。

India’s economy started the remarkable development since the monetary changes in 1991, and the reforms continue from 2000s. With the progress of expansion over the past years, India has turned out to be one of the quickest developing economies, which has brought a new stage to this country. Under the influence of internal and external factors, the economy in India continues to develop well. The recent statistics shows that India has passed China as a big economy accelerating its expansion the most rapidly. Gross Domestic Product increased to 7.6 percent in 2016, compared to the average of 6.5 percent in the previous years (World Bank). Regardless of the climate effects and internal inequality, the growth in agriculture, manufacturing, and exports are able to mitigate the risks due to the effective development strategies and India’s own competitive advantages. As a developing country, India controls its economic growth in an efficient path. However, since the opportunities are always along with threats, it is necessary to learn about the potential structural problems in developing environment, unemployment, the disadvantages in international business, etc. The India’s economy is different from many other countries because the service is a major part in its GDP. Although the share of manufacturing in GDP is small, it is significant to emphasize that this factor influences much on the economy. Except for manufacturing as an important factor in 25 percent of GDP, some activities plan to make larger employment by advanced job systems (Kaur 51). The establishment of a properer structural system is a main topic of the economic development.

 (Source: World Bank. “India development update : financing double-digit growth.” India development update. Washington, D.C. : World Bank Group. 2016.)

The growth results and the benefits are the fundamental advantages, and the efficient government efforts not only support the economy, but also bring opportunities for the future.    The highest growth rate in Asia, even in the world has extended both domestic and international market. India’s consumer demand is more likely to increase with India’s rising disposable income level. Because income growth is involved in economic development, a higher level of income from the success over the past years is a beneficial foundation and opportunity. As an original advantage in a large population country, the demographic dividends can make India’s production and industry larger and more attractive. Besides, the stable government in India uses policies to facilitate the industries that are intended to help with the domestic production. In August 2016, the House of Representatives enacted the Goods and Services Tax Act (GST). GST is to establish a simple and convenient consumption tax system in the central and local areas of India, to change the current status of repeated taxation at the central level and to vary the efficiency of transport between countries and to reduce the operating costs of the enterprises (Gupta 456). The establishment of a unified national market might promote technological innovation, support the Indian people entrepreneurship and the local industry. Moreover, for the policy to expand foreign investment, the administration has permitted 100% Foreign Direct Investment in every one of the divisions with the exception of 74% in Space, 49% in Defense and 26% in News Media (Kaur 54). Another strategy for an advanced system is that improving India’s infrastructure in order to protect intellectual property rights. Those opportunities, including the utilization of the previous achievement and the upgrading of the system and environment, are aimed to enhance the growth and build a more competitive stage for India.

Since the threats can not be neglected, India still needs to deal with the negative factors in the middle of the development process. In the internal aspect, the policies and the domestic condition might be not stable as expected, and the access of regular manufacturing can also come up with problems. The unavailability of production materials because of the effects from global market price increases the expenses. Then the internationalization market causes the difficulties of transferring the cost gap to consumers. The globalization will bring impact to India in economy to a larger degree. Business environment is necessary to be improved too. As mentioned above, the GST just removes a part of the threats for the process, India still faces the many constraints. The unreasonable laws on labor force have deep influence in India (Sodhi 100), which has limited the manufacturers to expand production even in a good operating condition and has increased their concerns during a decline. The reason that this is more severe in India is about the population. India's population is growing rapidly, and the average age is very low. Millions of working population is increasing consecutively, which brings serious unemployment pressure. Although the government started to reform and change this situation, the reaction and outcomes would not effective in a short term. Not only the risks from the inside, the external treats are more obvious. The competitors with different resources in the neighborhood, such as China, will try to attract foreign investment as much as they can. Furthermore, Brazil, Russia, and many other developing countries in similar environment are making the competition more complicated. The internal and external threats constrain the efficiency of economic development in India.

In conclusion, the government has continued the economic reforms for more than 20 years in India and has deepened its integration into the world economy while promoting the economic liberalization domestically. However, India’s economy is still facing a number of structural constraints, they could become an important obstacle to the further expansion of the economy. Therefore, the government should catch the opportunities from the previously developed outcomes, the original resources, and effective policies; they should pay attention to the threats inside the country environment and brought by other competitors as well. It is important to enhance the domestic industry and manufacture for more competitive advantages, reduce the unemployment and make the investment background more attractive.

References

World Bank. “India development update : financing double-digit growth.” India development update. Washington, D.C. : World Bank Group. 2016. Web. April 06 2017.

Kaur, Jasmine. “Make in India: Opportunities and Challenges.” CLEAR International Journal of Research in Commerce & Management, vol. 7, no. 8, Aug. 2016, pp. 51-55.

Gupta, Ankita. “Problems of Double Taxation in India- a Case for Progressive GST (Goods and Services Tax).” Journal of Commerce & Management Thought, vol. 6, no. 3, July 2015, pp. 456-476.

Sodhi, J. S. "Labour Law Reform in India." Indian Journal of Industrial Relations, vol. 50, no. 1, July 2014, pp. 100-117.

要想成绩好，英国论文得写好，51due代写平台为你提供英国留学资讯，专业辅导，还为你提供专业英国essay代写，paper代写，report代写，需要找论文代写的话快来联系我们51due工作客服QQ：800020041或者Wechat：Abby0900吧。