India is a country rich with opportunity and potential for great future growth. Like any nation,
India has both strengths and weaknesses, as well as countless opportunities and threats within
its culture and economy.
India’s greatest strength is its labor force. Not only does it boast the second largest labor force
in the world but it is also one of the cheapest. With a young and growing population, more and
more outsourcing international businesses are looking towards India as their main source for
cheap manufacturing and other types of labor. India’s central location between Asia and Europe
makes it an international hotspot for international business.
A large national debt continues to plague the Indian economy. Throughout its existence India
has struggled to spend less than they take in, and this has resulted in constant national debt
which currently is approaching a trillion dollars. Another concern for businesses looking to
outsource their labor to India is the government labor compliances they are forced to comply
with. While, generally speaking, labor laws are much more lose than they are in other nations,
India’s restriction on overtime hours and rates can create problems for certain industries which
often require extended hours.
There is plenty of opportunity for future growth and development within India. India has a wide
variety of different resources and minerals. Coal remains in high demand internationally and
an essential element for the functionality of a lot of businesses and economies. Because India
has high level of available coal, this continual international demand for coal serves as a great
opportunity for India.
Like every nation, India faces many threats to their potential economic growth and cultural
development. These threats range from countries with similar labor forces such as China,
technological developments with potential to