Indian Economy: Emerging Trends, Issues and Challenges

Abstract

India is one of the fastest transforming economies in the world. This has become possible because of the globalization of Indian economy on the one hand and on world economy integrating itself. This paper reveals that, due its consistent growth, India's gross domestic product has crossed the trillion figures and exports have touched upon three digit figures. According to recent HSBC's Emerging Market Index, India's economy expands more than China's. The composite index for India stood at 54.8, whereas for China it is 51.4. India has to concentrate on its driving sectors of growth. The paper presents the emerging trends, issues and challenges which Indian economy has to face in forthcoming years.

Keywords:

• Indian economy
• growth
• population
• wellbeing
• health and education

Additional information

Notes on contributors

M. Javid Masood

Masood received Ph.D., M. Com, and B. Com from Aligarh Muslim University, India. He also achieved a certification of Communication & Research principles at Mt. Sac., USA. His education is entirely academic and was awarded Gold-medal from Pre-University thru M. Com. He was also awarded University Grant Commission (UGC) and National Merit Scholarships for the recognition of outstanding student from 1968–1973. He has thirty-six years of teaching and Business Consulting experience with Multiple Organizations within United States of America, Saudi Arabia, and India, and held several executive positions such as Professor in Business Administration Department, Financial Controller, Quality Controller, and Consultant of Annuity & Financial Retirement Planning in California, USA.