Some of the factors that show that India has lots of promise to shine among the emerging market economies are;
- India's substantial manufacturing growth, business-friendly reforms, infrastructure development, and political stability make the country the most notable developing market for investors to invest in.
<h3>What are some of the factors that are preventing India from achieving its full potential?</h3>
India would not be able to grow its economy or develop sustainably until gender and economic disparity are reduced. According to a recent United Nations Development Fund assessment, India trails behind several of its South Asian neighbors on the human development index (HDI), mostly due to inequities.
<h3>Why was China able to achieve such economic growth more easily than India?</h3>
While economic reforms may account for some of the differences, China outpaced India because:
(1) the economy was privatized sooner;
(2) prices were released sooner;
(3) the labor market underwent much deeper reforms; and
(4) the economy was opened up to international trade and foreign direct investment (FDI) sooner.
Learn more about India's economy:
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