英语论文网

ivate sector.

Future Trends:

To maintain growth in the infrastructure of Indian economy, despite the global condense, the government is scheduling an investment of US$ 20.38 billion in the next two years for infrastructure development. Further the government has set aside US$640.8 million for civilizing the condition of highways and airports, railroads and ports over a period of 15 years.

The guide for the six core industries-crude oil, cement and finished carbon steel, electricity, coal, has shown a growth of 2.9 per cent for March 2009 in comparison to March 2008.

As per the Planning Commission, there exists an investment opportunity of US$ 25 billion by 2011-12 in India's shipping and ports sector, as the country seeks to double its ports capacity to 1500 million tons.

The government is planning to bring private investment through the PPP mode to set up over 300 airports. It has planned to invest US$ 9 billion to update existing airports by 2010.

THINGS TO BE IMPROVED TO ACHIEVE FAST ECONOMIC GROWTH

Get better authority. Without better authority, delivery systems and effective execution, India will find it difficult to build its infrastructure, enhance agricultural efficiency, educate its citizens and ensure that the fruits of economic development are well established.

Lift up educational success. Among more micro factors, raising India’s educational achievement is a major necessity to help achieve the nation’s prospective.

Enhance quality and quantity of universities. At the other end of the scale, India should also have a clearer plan to elevate the number and the quality of top universities.

Control price rises. Even though India has not suffered particularly from dramatic inflation, it is currently experiencing a rise in price rises similar to that seen in a number of rising economies.

Bring in a realistic economic policy. We also think that India should bring in a more probable medium-term plan for economic policy. Targeting low and stable price rises is not easy if financial policy is badly maintained

Liberalize fiscal markets. To improve further the overall variables, extra liberalization of Indian financial markets is essential.

Increase trade with other countries. In terms of global trade, India continues to be much less ‘open’ than many of its other large rising nation colleagues, particularly China. Specified the significant number of nations with large populations on its limits, we would suggest that India aim a major increase in trade with Pakistan, Bangladesh and China.

Increase farming production. Agriculture, particularly in these times of growing prices, should be a great prospect for India. Better defined and specific plans for growing productivity in agriculture are necessary.

Get better infrastructure. Focus on infrastructure in India is well-known. Improvements are taking place, as any foreign trade companies will be alert, but the need for more is dominant. Without such development, improvement will be limited.

Develop Environmental Quality. The ultimate area where better reforms are required is the environment. Achieving better power efficiencies and boosting the purity of energy and water usage would boost the possibility of a sustainable st