Micro Theory Final Fall Essay
Every investor wishes to invest in the nations that appear to be promising high returns. The investments are done after careful considerations. There are certain places the investors would fear to invest in, but not when the beautiful story of India is mentioned, it does not fall in this category anymore. India is a country, where all investors are running to and making billions of money. The Indian market gives investors an opportunity to select and capitalize on a single or multiple market segments depending on the wishes of the investors, as the high population varies from high-income to low-income earners. The economy is stable. This is a country that the World Economic Forum should consider investing in.
India is the number seven prime country with reference to land area, which is situated in Asia. India has a population of about 1.21 billion people. Over the latest years, India has undergone fabulous growth both economically and socially, making it one of the countries that are rocketing in terms of the quality of life level of its citizenries. It is also one of the finest nations in Asia to invest in. There is a lot of potential in the agricultural sector, as it is one of the areas currently relied on, as it employs the largest section of Indian population. This means that a third or more of the population entirely depends on farming; moreover, the significant country gains come from this field of economy. It means that the climate of India is favorable, and investors can capitalize on Agriculture to make money. One of the approaches of expanding this subdivision is by shifting from subsistence agronomy to money-making farming. As the land in India is large, there are tracks of land available for farming. There have also been several trainings on the best practices in agriculture with an emphasis on what can be done in order to maximize the land usage. Subsidies on the farm products have also been given out by the government as a way of encouraging farmers. Green houses are also been supported and a financial system has been put in place in order to ensure that farmers are well educated on the importance of a green houses, the way they operate, and the manner, which it is able to shield the crop from both rain and sun in; thus, maintaining a conducive environment for the crops to thrive in and yield maximum harvest for a considerably longer period.
The second most opportunistic area is education. Indian government is working hard to invest in education for all. The need to give each person, old and young, quality education and access to it are very fundamental to the growth of India. This is because with each passing day, the country needs brains that can dirge into the manufacturing industry, business, mining sector, and information technology sector among others. This is important because being in the information age, there is a need to invest in the young generation and input the knowledge or information into them, so that they can be relied upon to be movers and shakers of the country’s and, in turn, the world’s economy. The government has, therefore, pledged to set apart more cash to aid this. It is also in the procedure of putting up tactics and structures to make it feasible as soon as possible.
The third most important area that is being looked at is the health sector. The number and spread of the various diseases have increased over the years; thus, lowering the life span of an individual due to the poor feeding habits, poor quality of food, and lack of exercises among others. This situation must revert before it gets out of hand (Bornstein, 2007). Therefore, some structures are already in place in order to make medical services available to everyone at a very subsidized rate. As part of this, the emphasis has been made on the importance of the medical practitioners with an emphasis to support those, who are willing to pursue that career path. The need is also for the people, who are experts in food production, in order to guide on the quality of food production at a low rate, which is also encouraged.
One of the major drawbacks the country is experiencing is a challenge in financial limitation. To order for the latest farming equipment, prepare skilled manpower by giving them an avenue for practice and knowledge, and to develop the health sector to cater for good services require finances, certain level of financial support in needed. The country also needs finances, so that they can remunerate well for the services offered by the few already experienced staff in order to avoid brain drain. It also needs finance in order to develop free and quality education to its citizens.
The second limitation that India is currently experiencing is a lack of information. Being in the information age, it is, therefore, critical for a country to have a substantial amount of information in almost all the areas. This will help them in their development as a nation and also reveal to them the areas they need to put emphasis on. India, having very few experts and researchers, poses a threat to the nation at large. There are no examples to set the stride, guide, and be looked up to by the young generation. Secondly, there are few people, who have the kind of information that can allow the nation to innovate something new or refined that can give the nation a competitive edge over other countries. The third drawback points back to the health. There are many cases of premature deaths that the country is experiencing as a result of moral degradation, and, in turn, the citizens are engaging in some habits that are not acceptable and that bring about the diseases that cannot be treated, such as AIDS. These practices, in turn, terminate the life of the individual at an early age. Another illness, tumor, has also come up. The problem is that the nation has pure appliances to deal with the disease; thus, denoting only a few of the persons who agonize from it. There are other diseases that have been robbing the nation of great minds and intellects; of those, who have the knowledge, ideas, and expertise required to shift the country’s economic, political, and social status.
The world economic forum should invest in India as a country because the country’s policies on investment are simple and do not need many processes. There are no bottlenecks to hinder processes directed towards the investments. Establishing a business is trouble-free. In some countries, one gets a headache before they can be allowed to invest in the country, but India has made this possible and easy both for foreigners and locals. This is because the country wants to speed up its growth, and this can only be achieved if it allows other countries to chip in and have a share of the big cake. Another reason is that the return on investment in India is relatively high, as compared to other countries. Furthermore, there is a wide range of sectors that the money can be channeled to, and once that is done, the country will be able to uplift itself socially, economically, and politically; thus, raising the standards of living of its citizens as well.
Some of the policies that a country should adopt may be an inward-looking strategy, where the country encourages more of local production and even introduces tariffs and protective barriers to curb entry of exports into the country. This, in most cases, protects and promotes the growth of the new local companies. Another inward policy is the creation of employment opportunities for its citizens. These measures are good for the development of the country, but only for a short period.
The long term policies that the country can use are the ones that use external looking strategies. The government is keener on building and maintaining its relationship with other countries, as this encourages the trade between the two countries. It also encourages foreigners to feel safe visiting the country and as the door of tourism and foreign investment is opened, competition is encouraged; therefore, the companies are forced to be more efficient in order to leap the benefits, which would lead to the citizens enjoying the quality goods (Moore, 2003). The exchange of goods and services between the countries creates interdependence between them, as well as an exchange of ideas and money; thus, promoting growth. Global companies also have better staff welfare policies, as compared to the others, and have also placed themselves in a central place, where they are able to consider global factors as they provide their goods and services. Thus, countries with a higher level of cooperation with other world nations end up having higher GDP.
Today investors have found a new niche in India. The World Economic Forum should find every reason to mobilize the resources to India. The nation requires dedication and technical knowledge to alter its current situation. India can reach great heights should the World Economic Forum accept the idea of finding projects directed at the levels beyond the government ability. The government of India has plans, but the high population depends on the same government for the acquisition of many social amenities. This calls for external assistance in order to trigger the nation’s potential.