The Emerging Economies of Modern India

The Emerging Economies of Modern India Introduction The scotch growth story in India has transcended from the tradition on the wholey better performing bring ups like Punjab, Haryana, Gujarat, Maharashtra and Tamil Nadu and has include emerging economies like Andhra Pradesh, Karnataka, Kerala and western Bengal. In fact, through the 15 years of reforms (19912006), these emerging states have dominated media headlines and have truly caught the fancy of policy makers and development planners. For instance, Andhra Pradesh and Karnataka have put India on the global Information Technology (IT) map, with cities like Hyderabad and Bangalore emerging as external centres for IT businesses. Massive private participation from domestic and international firms have given a thumbs up to the reforms process in these states and encouraged the state governments to further expedite the reforms process and change businesses. States like Kerala and West Bengal have implemented economic reforms with a human face. With heavy investments in social sectors like health and education, these states are now reaping rich economic dividends by fashioning use of their educated and skilled workforce in a knowledge-driven economy.

Each of the above states has demonstrated that there is no single single, unique route to economic growth and prosperity. Each state needs to try and experiment and develop innovative ship canal to exploit the potential that exists and provide ample opportunities to the workforce to micturate up entrepreneurial activities with self-belief and confidence. States like Andhra Pradesh and Karnataka have better economic growth performance than social development while Kerala and West Bengal have relatively better social indicators than economic indicators. However, all these states have invested in areas of their comparative and competitive advantages, encouraged basis development and private participation, liberalised businesses, and eased government procedures and systems,... If you want to nourish a full essay, order it on our website: Ordercustompaper.com

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