Question

This case discusses the case of India and the potential impact of the new government's reforms on the future of India. The case discusses some of the factors that have prevented India from growing faster while also emphasizing the need for reforms. Answer the following questions:
1. What are some of the factors that show that India has lots of promise to shine among the emerging market economies?

2. What are some of the factors that are preventing India from achieving its full potential?

3. Why was China able to achieve such economic growth more easily than India?

4. What are some of the tough reforms that India has to go through in order to succeed?

Answer 1

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.

What are some of the factors that are preventing India from achieving its full potential?

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.

Why was China able to achieve such economic growth more easily than India?

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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