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Economics Project India Ahead

In: Business and Management

Submitted By ugangster
Words 4202
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Ten Things for India to Achieve its 2050 Potential (BRICS estimation)

>India could be 40 times bigger by 2050.
> India could be 40 times bigger by 2050 than its current capacity as estimated by brics.

>To achieve this, India needs to implement many changes.
India needs to improve its governance, control inflation, introduce
Credible fiscal policy, liberalize financial markets and increase trade
With its neighbors.

>It also needs to significantly raise its basic educational standards,
And increase the quality and quantity of its universities.

>India needs to boost agricultural productivity, improve its infrastructure
And environmental quality.

>Delivery of all these would ensure strong, persistent, medium to long-term
Growth, allowing India to reach its amazing potential.

In this project, we outline ten crucial steps that we believe India must take in order to achieve its full potential. In our latest brics analysis, India scores below the
Other three BRIC nations, and is currently ranked 110 out of a set of 181
Countries. If India were able to undertake the necessary reforms, it could raise its growth potential by as much as 2.8% per annum, placing it in a very strong position to deliver the impressive growth.
We highlight the ten key areas where reform is needed. In a way these are the covered ones, we consider them to be the most crucial:
1. Improve governance. Without better governance, delivery systems and effective implementation, India will find it difficult to educate its citizens, build its infrastructure, increase agricultural productivity and ensure that the fruits of economic growth are well established.
2. Raise educational achievement. Among more micro factors, raising India’s educational achievement is a major requirement to help achieve the nation’s potential. According to our basic...

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