TOPIC : Indian Economy and issues relating to planning, mobilization of resources, growth,
development and employment.
6) India presents a unique set of opportunities and challenges for global investors and businesses. Discuss.(250 words)
Why this question
Any country including India wants to improve and increase its business opportunities, so that it could earn more revenue and create more employment opportunities. This can be corroborated by the ease of business reforms undertaken by India and also other countries. India is a large market and the size will further grow in the wake of economic growth and population increase. However, despite the presence of so many business opportunities, it is very difficult to undertake a large scale business activity. The question is related to GS- syllabus under the following heading-
Key demand of the question
The question wants us to write in length about; why India, as a market offers so many opportunities to the business and then we have to discuss what are the challenges involved therein.
Discuss- we have to dig deep into the issue and write in detail about the opportunities as well as challenges involved. Here we also have to provide suggestions to improve the present situation.
Structure of the answer
Introduction- introduce your answer by the recent initiatives introduced by the govt. to improve the ease of doing business in India.
Body- divide the body of the answer into 2 main parts.
In one part, discuss in points, why India is promising market for the businesses. E.g large population, growing economy, increasing per capita income, low access to many business products like telecom etc.
In the other part, discuss, what are the challenges involved. E.g low per capita income, regulatory issues, issue of raising capital etc.
Conclusion- briefly suggest ways to improve the business opportunities in India and how to remove the challenges involved therein. E.g clubbing of business activities to gain a larger share of customer’s budgetary expenses, introduction of new technologies etc.