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SWOT Analysis of Indian Economy (Original version) Indian economy which is a developing one has seen many ups

and downs since the independence of India. It is the strength of the economic structure of India that has always helped it to prosper and at the same time it has seen downfalls due to its weaknesses. Indian economy has had various opportunities but utilizing them fully is a challenge and the threats have always proved hindrance in the success story of the Indian economy. The government and people of India have always strived to take the economy of country to great heights but at the same time there were some negative points that have resulted in fall of the economy. The Indian constitution is the very strength of the country which promises to serve the masses. The political system of India is a system of checks and balances, thus any decision which may harm the economy is always avoided at some point or the other. Indian economy is a mixed economy i.e. a mix of socialist and capitalist economy, this is also its strength. On one hand socialist approach protects the common man from a situation of complete failure as was the case when recession had hit America, India was still somewhat isolated as RBI played its role to protect the Indian market. On the other hand the capitalist approach gives economy opportunity to grow and earn profit. The huge labour force is also an asset to the economy contributing to its growth. Anything which has strengths has weaknesses also and so does the Indian economy has. Constitution of India is for the people but when misused it has an effect of harming the economy. While the constitution has rights for people it has duties as well which is neglected by all leading to growth of economy which is less than as desired. Corruption in India is the major weakness hindering the growth of the economy. India may have a large labour force but lack of skilled labours still remains a point of concern for India. Indian economy has opportunity to achieve high GDP growth rates. The fast growing Indian economy is seen as profitable market for investment which attracts large amount of foreign capital. Foreign direct investment (FDI) and foreign indirect investment (FII) have always served as an opportunity for earning foreign exchange reserves which helps in the growth of the economy. India has always grabbed the opportunity of developing trade relations with the neighbouring countries to increase its revenue from trade. The major threat faced by the economy of our country is the suppression which it experiences from the developed economies. This is clearly visible from the fact that India is continuously denied veto power in UN due to non-support of China. Also FDI and FII are seen as opportunities on one side but sudden withdrawal of these investments can prove fatal to the economy on the other side. Terrorist activities in India are also a threat to economy which can

cause disturbance in trade activities as well as can adversely affect the interest of investors in Indian market. All these strengths, weaknesses, opportunities and threats combined together has brought Indian economy to a where it stands today.

SWOT Analysis of Indian Economy (After Research version) The developing economy of India is developing at a very fast rate and is the second contender after China in the race of super power. Indian economy has strengths which can do wonders to the economy if its weaknesses are worked upon. It has a vast pool of opportunities offered to it by the world due to its structure and the bright future which it has. There are also threats which can prove hindrance in its path to success but then its the duty of Indian government and its people to watch out for these threats and save their economy from being affected by any of these. India is an agricultural country with its major population employed in this sector. The strength in this sector which India enjoys is the huge cultivable land (2 nd in world), huge labour force, diverse soil type and climate and most important governments special support to this sector in the form of subsidies and welfare schemes for farmers. Indian economy is a stable economy due to its structure and control tactics which it has in the form of monetary and fiscal policies. Any crisis in any part of the world has an equal effect on other parts as well but RBI and Indian government have always succeeded to isolate Indian economy to a great extent as in cases of recession and euro zone crisis. Huge English speaking population and a large reservoir of engineers have opened the doors for service sector in India. Emerging IT and BPO sector is bringing valuable foreign exchange and hence service sector is the largest contributor to GDP today. The involvement of high population in agriculture sector with this sector contributing only 23% to GDP is a matter of grave concern. Low levels of income due to unemployment and disguised employment has resulted in one-fourth of Indian population below the poverty line. Poverty is a major problem in India which adversely affects the growth of the economy as huge amount of fund in the budget is allocated towards solving this problem which has remained intact since independence. Low literacy levels and lack of skilled labours also weaken the Indian economy. The under developed infrastructure is a hurdle in the growth of our economy which has caused stagnation in industrial sector. Also the weak bureaucracy and widespread corruption add to the problems of Indian economy.

Indian economy has an opportunity to exploit its resources in fisheries, plantation, poultry etc. along with agriculture. Indian market has always been an area of interest for the private firms to invest in various sectors. There are huge prospects of earning foreign exchange from IT and ITES sector. India can also grab the opportunity of increasing trade with its neighbouring countries. The plan of government to increase FDI in various sectors is also an opportunity for the Indian economy to get increased inflow of foreign currency. The major threats that have always worried the economy is the excessive dependence of agriculture sector on monsoon, the insufficient resources to meet the demands of the rising population and the global economy slowdown. Also the increasing debt on India with fiscal deficit increasing every year is also a threat to the countrys economy. For Indian economy to grow and prosper it should use its strength in the best possible way and should fully exploit the opportunities available not only in domestic market but also on global platform. It should work towards overcoming its weakness and find ways to fight away the threats. This can be the key mantra for taking Indian economy to great heights.

Profile of any Indian company that you admire (Original version) The well known river Damodar also known as sorrow of Bengal proved devastating for the state of West Bengal. To prevent the destruction of the state and its people the government of India took major steps and set up Damodar Valley Corporation to address the problems of floods faced by West Bengal. Damodar valley corporation (DVC) whose sole motive in the beginning was to save Bengal did this by constructing number of dams on the river Damodar. It gradually entered into production of hydro-electricity, fisheries, supplying water for irrigation to farmers etc. But when it saw that the seasonal electricity supply was not satisfactory for its consumers it started thermal power plants. Today DVC has a large number of thermal power stations along with hydro power plants in the entire north-eastern and eastern region. DVC supplies electricity to West Bengal, Bihar, Jharkhand etc. and also plans to supply electricity to New Delhi as well. The thermal power stations of DVC have units of 210MW, 250MW and 500MW installed in different combinations at each station. The concern for environment involved in every project of DVC makes it so admirable. The motive behind setting DVC was prevention of destruction but today it has emerged as an important government organization with the effort and dedication of its workers.

Profile of any Indian company that you admire (After research version) Damodar Valley Corporation was a company that was set up to address the destruction which river Damodar was causing to the state of West Bengal. But with time DVC gradually entered into generation, transmission, rural electrification, water management etc. Since its start it has shown tremendous growth and has proved very beneficial for India. In the area of generation DVC has five thermal power plants of capacity 3710 MW, three hydel power plants accounting to 144 MW and one gas turbine station of 82.5 MW. DVC is the pioneer in the Damodar valley region and provides electricity to some major industries like railways, steel, coal etc. It also has joint venture projects in power sector with Tata power, SAIL etc. DVC has developed a large network of transmission grid consisting of 132 KV and 220 KV grids which operates in unity with the eastern region grid. It has a number of substations which provide electricity to the consumers at 25 KV, 33 KV, 132 KV and 220 KV. For its water management activities it has four dams, one barrage and a canal system on river Damodar and Konar which provides wat for irrigation, industrial and civil use. It runs a number of rural electrification projects in West Bengal as well as Jharkhand. With all of the above assets DVC aims to show excellence in all the fields of generation, transmission, water management, soil conservation, fisheries etc.