P.6
IN DEPTH
WHERE NEXT FOR INDIA?
Pavan Rao takes a look at the issues facing the Indian economy
A
hustling bustling nation of
over a billion people, India
is seen as being one of
the emerging economic
superpowers for the future. India has
a booming tertiary sector and is one
of the global leaders in the IT industry - it has clearly developed since
Independence in 1947. With everything from hosting an international
Grand Prix to launching a mission to
Mars, India has clearly announced
itself on the world stage. But why is it
still such a hot topic of discussion?
One of the main issues in India is
the increasing rate of inequality (Gini
Coefficient: 0.33) the enormous gap
between the rich and poor. It is quite
alarming that a nation with more billionaires than the UK has such a
vast number of people on the
streets, literally fighting to survive.
Being from India myself, I too am no
stranger to the blat