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WinnieWang23535 Intercultural Understanding

Intercultural Understanding
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14 views4 pages

WinnieWang23535 Intercultural Understanding

Intercultural Understanding
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Economic Survey of India £conomic Growth + nearly five decades of data finds that India’s long-term growth process is steady, stable, diversified and resilient. India’s long-term economic growth has steadily accelerated over a fifty-year period, without any prolonged reversals. Thus, while growth averaged 4.4 percent a year during the 1970s and 1980s, it accelerated to 5.5 percent during the 1990s-early 2000s, and further to 7.1 percent in the past one decade. The acceleration of growth is evident not just for aggregate GDP, but even more strongly for per capita GDP. The average pace of per capita growth was 5.5 percent a year in the last decade. Interestingly, when ‘compared with some of the world's largest ‘emerging economies, this steady acceleration of growth stands out as being ‘unique to India.Over the long run, India’s ‘growth has been driven by an increasing share of investment and exports, with a large contribution from consumption. Growth has also been characterized by productivity gains - both in labor productivity as well as in total factor productivity. RaRRARARE — ns I 7 “Living Standard In our impression, India's living environment is very poor, and of course, there are also good living conditions in their country, so the wealth gap in their country is very large, which means that the difference between lives of the rich and the poor is very big. Especially in some slums, the living conditions are unbelievable, and if ne steps into them, they often have no way to settle down. The sanitary conditions in India are poor. Due to its extremely high popul: density, the spread of diseases becomes very easy and fast. Also, the sewage can't be handled with in time so the water quality is unsatisfied which may help with the spread of illness. And ordinary Indians not only need to stand the poor sanitation, the dense residential areas, but also need to face the shortage of water and food and everyday traffic jam. Apart from that, the overuse of motors lead to serious air pollution which threatens citizens’ lives to a large extent. Economic Survey Of India social situation * India recently announced its refusal to join NATO (North Atlantic Treaty Organization) and insisted on its independent foreign policy. This decision has attracted Widespread attention from the international ‘community. The Indian government stated that their rejection of this invitation was due to careful consideration of China India relations and national interests. * As one of the largest democratic countries in the world, India has always pursued an independent foreign policy. The Indian government firmly believes that ‘maintaining an independent role and adhering to dialogue and cooperation can improve relations with China. Despite some border disputes and military challenges between the two countries, India advocates resolving these issues through peaceful mean: economic policy In terms of economy, India will continue to promote market reforms and attract foreign investment, injecting new impetus into economic growth. At the same time, india will also strengthen innovation and technological development, improve industrial competitiveness, promote economic diversification, and reduce dependence on traditional industries. In addition, India will increase investment and reform efforts in the education system to improve the quality and accessibility of education. The plan will focus on vocational education and skill training, cultivating more high-quality talents to meet the constantly developing labor market demand. Accelerating economic growth and promoting industrial upgrading are the core goals of India's current five-year plan. In order to achieve this goal, India plans to take a series of measures to improve the investment environment. Firstly, India will focus on attracting more foreign investment, providing better investment conditions for foreign enterprises by improving the business environment and reducing bureaucracy. Secondly, India will also promote structural reforms to better adapt to changes in the global economic landscape.

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