Youth Migration and Its Effects on Indian Economy
YOUTH MIGRATION AND ITS IMPACT ON INDIAN ECONOMY
‘INDIA , IS A SLEEPING GIANT.ONE DAY IT WILL WAKE UP AND ATTAIN WORLD GLORY’
These were the words said by SWAMI VEVEKANAND and indeed today the INDIAN ECONOMY is on the brink of an uproar. India is today one of the six fastest growing economies of the world. The country is ranked fourth in terms of Purchasing Power Parity (PPP) in 2010. The business and regulatory environment is evolving and moving towards constant -improvement. A highly talented, skilled and English-speaking human resource base forms its backbone. The Indian economy has transformed into a vibrant, rapidly growing consumer market, comprising over 300 million strong middle class with increasing purchasing power. India provides a large market for consumer goods on the one hand and imports capital goods and technology to modernize its manufacturing base on the other. An abundant and diversified natural resource base, sound economic, industrial and market fundamentals and highly skilled and talented human resources, make India a destination for business and investment opportunities with an assured potential for attractive returns. Far-reaching measures introduced by the government over the past few years to liberalize the Indian market and integrate it with the global economy are widely acknowledged. The tenth five year plan document targets a healthy growth rate of 8% for the Indian economy during the plan period 2002 - 07. India has an extremely diverse economy which includes many areas in agriculture, crafts, major industries and numerous miscellaneous services. The leading economic growth vehicle in India would be it's multitude of services, however two-thirds of the workforce in India earn their income through agriculture. The labour force of India is estimated to be around 482.2 million people with 57% in agriculture, 17% in industry, and 23% in other services. In recent times, India has also capitalised on its large number of highly educated
‘INDIA , IS A SLEEPING GIANT.ONE DAY IT WILL WAKE UP AND ATTAIN WORLD GLORY’
These were the words said by SWAMI VEVEKANAND and indeed today the INDIAN ECONOMY is on the brink of an uproar. India is today one of the six fastest growing economies of the world. The country is ranked fourth in terms of Purchasing Power Parity (PPP) in 2010. The business and regulatory environment is evolving and moving towards constant -improvement. A highly talented, skilled and English-speaking human resource base forms its backbone. The Indian economy has transformed into a vibrant, rapidly growing consumer market, comprising over 300 million strong middle class with increasing purchasing power. India provides a large market for consumer goods on the one hand and imports capital goods and technology to modernize its manufacturing base on the other. An abundant and diversified natural resource base, sound economic, industrial and market fundamentals and highly skilled and talented human resources, make India a destination for business and investment opportunities with an assured potential for attractive returns. Far-reaching measures introduced by the government over the past few years to liberalize the Indian market and integrate it with the global economy are widely acknowledged. The tenth five year plan document targets a healthy growth rate of 8% for the Indian economy during the plan period 2002 - 07. India has an extremely diverse economy which includes many areas in agriculture, crafts, major industries and numerous miscellaneous services. The leading economic growth vehicle in India would be it's multitude of services, however two-thirds of the workforce in India earn their income through agriculture. The labour force of India is estimated to be around 482.2 million people with 57% in agriculture, 17% in industry, and 23% in other services. In recent times, India has also capitalised on its large number of highly educated