The Indian Economy Essay Example | Topics and Well Written Essays - 500 words

The Indian Economy - Essay ExampleThis rising working age fashion more(prenominal) workers in the future. to a greater extent workers are important, because of the concern about demand increasing everyplace supply. The economic expert reports that demand is outpacing supply and hence the pace of growth is unsustainable. A greater number of workers could increase production, elevation the supply, to meet the demand.More workers are also important, because the number creates more consumers. This makes the demand higher, but the supply raises as well. This circle makes an economy more stable, than besides the demand rising with no increase in supply. However, if just the demand was rising and non the supply, inflation and depression follow. Workers and consumers are good for an economy.The one thing that more workers will pauperisation is education. Job training should be put into place by the government. New industries, particularly computer related, should be taught in vocatio nal schools. This would help the new workers coming of age to find jobs. It would not matter how old a worker, if they had no skills. The Economist states 60% of Indias labour force is engaged in low productivity farming. These farmers will need skills to gain production jobs within urban areas.India government reforms drive made the economy grow. The trade friendly reforms have created an import/export business that is lucrative. It is also easier for exotic investment, although this has not been as widespread as hoped. Lower oil prices make the economy better. Government economy on employees in the workplace have made for happier workers. All of these reforms are good, but more need to take effect.Indias government has ambitious plans to increase total infrastructure spending to 8% of GDP over the next five years. This will involve some increase in government spending, but the view is for the bulk of it to be financed by public-private partnerships.Although this is a good start , but the infrastructure is in poor shaped. More