Free Essay on India's Economy

As the world has been developing, the environment has faced rapid degradation that has affected the quality of life for many people. With the increased pollution and environmental degradation, the climate patterns have changed and affected the lives of the people in different parts of the world. Unfortunately, the impact of the change in climate differs in different nations and societies. The poor societies have felt the impact of the climate change more severely compared to the rich nations and communities. While the rich nations have the ability to contain the impact of the changes in climate and prevent damage on property and lives, the poor nations and communities bear the burden of climate change. Constant droughts, floods and hurricanes not only rob the poor people of their homes and property but also expose them to starvation and diseases. While companies enjoy huge profits and rapid development, the poor societies in the world suffer in pain and anguish in search of their livelihood. All companies have a moral duty to the world of curbing pollution and ensuring that the future generations enjoy quality lives brought about by changes in the policies of the corporate world. In this essay, we examine the statistics that reveal the impact of such activities and the policies put in place to curb further impacts of such trends.

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Despite the fact that India is one of the earliest civilizations in the world, the country lags behind when it comes to development and poverty levels. India has one of the highest populations in the world. According to a report the CIA, India is estimated to have a population of 1,251,695,584 people today. Forty percent of this population comprises of people aged between twenty-four and forty years. The total dependency rate of the country is 52.4%. The life expectancy rate of the country is 68.13 years; it is among the highest in the world. India is one of the strongest economies in Asia. The country enjoys economic liberalization that has promoted the growth of various industries in the country. The majority of the people in the country depend on agriculture for their livelihood while a significant percentage works in industries. Despite their economic muscle, India faces one of the highest levels of poverty caused by corruption, and gender imbalance. The growth of industries has led to an increase in the pollution levels and ultimately affected the climate of the country. The climatic changes have affected the poor people of the country who are often affected by droughts, floods and earthquakes that limit their growth and survival.

Despite the fact that India has developed very much in the recent years, most parts of India are still governed by their traditions and religions. These traditions have led to an increase in gender imbalance in the country and caused increase in poverty. Despite the fact that India is one of the most populated countries in the world, the birth rate in the country remains high and the people have limited access to resources. Culture has contributed to increased levels of inequality and the continuous upholding of oppressive traditions that contribute to increased poverty. Most of the poor people depend on agriculture for their survival. However, climate change caused by increased pollution in the country has led to increased inconsistency of the agricultural sector. With the changes in the climate of the country, poverty levels have increased especially in rural areas. The government has failed in handling the matter as constant corruption lets the companies get away with high levels of pollution. With an inflation rate of close to six percent, the poor people continue to suffer as the rich become richer. However, recent changes in the governance of the country have given India a hope for improvement a decline of the poverty levels.

References

Dowling, P., Welch, D. E., & Schuler, R. S. (1999). International human resource management: Managing people in a multinational context. Cincinnati, OH: South-Western College Publ.

Tayeb, M. H. (2005). International human resource management: A multinational company perspective. Oxford: Oxford University Press.

The World Factbook. (n.d.). Retrieved from https://www.cia.gov/library/publications/resources/the-world-factbook/geos/in.html