Why India's economy is growing faster?

Question

Alot of people asks this question. that question makes sence people usually says India's 90% of the population is poor and there economy is just growing very fast Why India's economy is growing up?

Answer 1

I think there are two main reasons:



1) The availability of credit both domestically and from foreign investors. Government and other factors kept investment out of India for a long time now there are less restrictions.



2) Low hanging fruit. Imagine you had to invest $5000 and were seeking the best use of it from a purely altruistic sense. Where do you think it would have the most benefit between a highly mechanized mega farm in Kansas or on a family farm using only hand tools in India? That $5,000 could double the production of the Indian farm with some simple irrigation and a tractor while on the farm in Kansas you probably couldn't find a use that would boost output at all. This is the reason investment has found it's way into India (and why interest rates are so high - investing in India is still a risky venture). Such simple capital investments and improvements that have already been done in the west are just now being done in India and China and at an accelerated pace.

Answer 2

Indian Economy Is Growing Faster

Answer 3

There are many reasons. One major one is all the high speed cables that now criss-cross the lengths of all the oceans. This makes business easier to conduct electronically over long distances. Since India has such a large, available, willing, and cheap workforce, many companies open branches or move there in order to increase profits. You can have telemarketers, engineers, drive-thru operators, and many other jobs that cost pennies on the dollar when compared to their American counterparts. Less money spent on labor means more profit.

Answer 4

b/c it is copying technology and business practices from Western countries. It took the West 100 years to get to where it is now, but India will be making same changes in 10-20 years.

Answer 5

It's largely the same reason that China moved form economic basket case to fast growth. The Indian government has somewhat abated the socialist economic policies that kept the country poor for so long.

Answer 6

some very exciting solutions. i'd have concept that China's monetary device is presently the fastest turning out to be contained in the international because it really is finding out to purchase a more advantageous percentage of the international's organic factors.