India Primary Education
Generally, the rates of enrollment for students in primary education India are increased. From 1991 until now the number of students enrolled in school in India is higher than average compared to other regions, although they are still lower than students in China. Students in secondary and tertiary education are not as high as in other regions. Tertiary education will ultimately result in the highest levels of achievement for youths in India, and may be the highest goal for Indian youth, particularly those that want to advance. However at minimum, secondary enrollment may be beneficial for students that want to gain business positions of upper status within the country. Statistics right now suggest that 96 percent of children attending school will complete their primary education. Literacy rates are at 62.8 percent for adults, but up to 81.1 percent for youths.
Other important statistics include the GDP per capita, which is 3.650, and the growth rate percent which is currently at 6.3 percent. Currently more consumers, particularly youths, are becoming exposed to technologies from abroad and those in different sectors and from the international media. This is inspiring a desire for youths to do more and experience more, whether by way of travel or by careers and business. More people in India want the opportunity to purchase goods and services from retailers. To do that more Indian consumers, including youths, want the means to do that, via jobs. Business opportunities are abounding as new businesses are opening in response to consumer demands for new technologies and products, influenced by globalization and a desire to experience more. Foreign direct investment has also impacted India as a result of globalization.
In 1998, India’s economy was at just over 1700.00 billion accounting for 5 percent of the world’s income. In the modern globalized economy India’s economy has risen to over 3300 billion, account for over 6 percent of the world income, and is expected to rise considerably in the future. Much of this depends on the place that India takes in the global market and with regard to its business practices. While India is currently the largest in the world with regard to Purchasing Power, it may become the third depending on what takes place during the next two decades. There are visible, contrasting issues to consider in India despite its rapid, growing economy however, including the rampant poverty that India has to overcome. There is still a large majority of individuals in India living in poverty. UNESCO and World Bank place the poverty rate as high as 69 percent in some regions (2011) while other statistics place the poverty rate at 26 percent. Regardless there is a disparity or gap between those that have and those that do not. Much of the population still derives a large portion of its income from agriculture. There is still not adequate healthcare among the poor and the general population. There is still not adequate infrastructure within much of India to support big business projects that could help stabilize the economy. All of these features may be considered roadblocks to India’s progress in the modern world of globalization.
For these reasons partly, progress in India has been held back. There is also what many consider corruption in the government, and large volumes of bureaucracy. However, politics exist in all nations and in all governments, and has not held developed countries back from realizing business success. Foreign direct investment may be able to help push India into a successful business landscape. Foreign Direct Investment however, in India, is much smaller than it has been in other Asian nations, including that what is received by nations like Hong Kong. This is significant, given that India is very promising as a demographic nation. Perhaps the largest factor holding India back is poverty. Without poverty more of the Indian nation may be educated; without poverty more of the Indian people would have access to adequate healthcare. Without poverty, there may be a better infrastructure within India to support better business practices. This in part may attract more direct or foreign direct investment which is perhaps exactly what is needed for India to succeed. Foreign Direct Investment must perhaps proceed, short of these things, in order to help India escape from poverty. This may be a grand philanthropic gesture. India may well survive on its own however, without foreign direct investment. This would take the aggressive actions of its youth, who are growing abundantly. Youth require the drive and commitment to get educated, trained and diligent about going into business with or without the support of investors. With proper commitment and dedication, as a result of globalization, there is the hope that India could succeed with or without the support of other nations. It would be vastly superior for India to gain support from other nations that have the knowledge and expertise to offer India guidance in matters of technology and infrastructure. However in the globalized market there are opportunities for Indian youth to find self-employment ventures, and to learn online. There are many free universities available that youth can attend, to gain the skills and knowledge they need to find jobs and earn steady incomes to support their families. While a long and arduous journey, it is one that offers promise and hope for India.
India’s economic output is currently growing. The same is true of India’s population, which continues to outpace that of even China. Driven by a desire to succeed, it is likely that India’s youth will help inspire greater business investment in this country that is now the second largest nation in the world. The greatest opportunities for business growth in India at present are information technology and business processing sectors. These functions can easily be outsourced, and are in high demand internationally. Other high demand sectors include manufacturing, including textiles manufacturing, metals and alloys. India is working on reducing its illiteracy and increasing its focus on education, particularly among its growing youth sector. It is a growing youth in India that hold the most promise for the business sector. A few reasons for concern still exist regarding the future of India, primarily in the high numbers of poverty-stricken families. These families may come from the agricultural sector, which still comprises a large portion of the economy in India. India also suffers from periods of poor weather that can affect this portion of the industry. Development in India will depend on the ability of its citizens to move into new and technologically advancing industries, so that its citizens may progress with a progressing, globalized world. Healthcare will also be an important mission for the economy and people of India, as this area is currently under supported within India. The more India grows, the more important it will be for the people living in India to find adequate healthcare. This may occur as bigger business opportunities present themselves in India, or as Foreign Investment opportunities present in India.
It is likely that opportunities will find their way to India, much like opportunities have found their way to China and other regions of the world that are in transitional states. How long that will take has yet to be seen. But given how populous India is, there is likely to a tremendous positive transformation that comes from this emerging giant of a nation. The capability of business is endless when goals are set and policies come together to create growth and productivity.