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India’s economy has gone through some ups and downs throughout the past few years, as it has grown to the third largest in Asia. There are beautiful buildings and hotels within its cities, appealing to tourists and visitors, as well as fancy car dealerships and high rise office buildings lining the streets. However, there is a great divide among the very rich and very poor in India, which makes it difficult to have a society that is on equal footing.
It is interesting to note the stark differences among those residing in India; in 2010, it was estimated that the economy grew more than 8%, but the investment rate dropped by over 30%. The restrictions on business make it very difficult to start a company; certain cities require as many as 37 licenses obtained over seven months in order to open a warehouse. Even once it has been properly built, it can be difficult for trucks and workers to get to the doors due to rough and crowded roads, limited water, and power outages. While on the other hand, businesspeople are hopeful that it will rise to be one of the strongest economies within the next twenty years. Before this can happen, however, India will need to find some level ground among its residents. This may require assistance from the government, but the political scene has been writhe with scandal and corruption.
Once India is able to strengthen its monetary system, those who are returning to the country and investing in local businesses can help increase the stability of the economy. This might mean a very promising future for those residing in the beautiful country.