Proceedings of the 25th International Academic Conference, OECD Headquarters, Paris

THE CHALLENGES OF INDIA ECONOMY IN CURRENT INTERNATIONAL ECONOMICS ENVIRONMENT

MARCEL KORDOŠ, SERGEJ VOJTOVIČ

Abstract:

In the past few years India´s economy has got economic growth 5 percent a year. Despite the country´s economic view is unpredictable. On one hand India has strong economic growth and healthy market. On the other hand the country´s development is being complicated by insufficient infrastructure, higher budget deficit, low foreign direct investments flow and slow employment growth. The second most populated country of the world with huge natural resources amount has the potential to come back in world economic development where it used to be. Thus the main aim of this paper is by means of current status and development analysis of India´s economy at present times and in the past to determine its future position and leeway in the international economics system.

Keywords: Global political economy, economic growth, labor force, international business, BRICS countries

DOI: 10.20472/IAC.2016.025.035

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