Indias Economic, Social and Political Development

Indias Economic, Social and Political DevelopmentDiscuss how India has repositiond stintingally companionablely and politi chaty with compliancy to other part of the world.India is a reaping solid ground located in Asia it is the spot most populated country in the world. India in the early(prenominal) decade has changed economically, socially and politically. India has establish an increasingly primal part of the global economic landscape over the past decade. Its rescue has become more than open to international trade. Its workforce is growing powerfully and the rate of investment has picked up interest economic reforms. This essay will be aimed at the economic political and social changes in India with respect to other parts of the world.Economic ChangesLooking back at the starting signal decade of the 21st Century (2000-2010) we sanitaryly consider that this decade sure discount be called Indias Decade of Development. The structure of the Indian scrimping diffe rs in rough important respects from that of most other developing economies, the population is growing and its deliverance has benefited from its running(a) develop population anticipate to grow till the next quadruple decades. Mukesh Ambani states that As long as we place millions of Indians at the canter of our thought process, as long as we think of their welfare, their future, and their opportunities for self-realization we are on the right track. For India can grow, prosper, pompousness only if they grow, prosper, flourish. We can non grow by any esoteric strategies. Our purchasing power, our economic strength, our marketplace all depends on the prosperity of our people (n.d.). Indias economy has had a speedy change in real terms the growth in per capita income has been modest over the past decade. In terms of unending prices, the per capita income which was Rs. 16,173 in (2000-01) rose to Rs. 24,295 by (2007-08) and to 26,618 in (2009-10). That is a rise of 64 percent over the decade. The per capita income would fix been higher but for the global economic crisis which pulled down the countrys growth rate during 2008-09 to 6.8 percent from 9.3 percent in the old year and 9.6 percent in the year before (Adam Mark , 2010) (Nirupam Jeffrey, 2011).(This can be seen in tabulate 1 below)Table 1 ack like a shotledgment Economic Survey, various issues, Ministry of Finance, Government of IndiaSocial ChangesThere has been a rapid social change in India over the past decade. The social structures of India has alter in over the last two decades. There has been an amendment in some areas like family, caste system, and marriage system.The Indian family structure has changed due to the effects of modern social forces. There has been modifications in the way families relate and operate. The chief(prenominal) structure of an Indian family is the joint structure whereby the family members live under the similar roof in this type of family structure the eld est male is the head, he make the decision on behalf of the whole family. However, the properties and money belongs to everyone. In veritable fact, the joint family system is losing significance and an urban family type is been practised in that respectby causing a causing a change to a atomic family system (Mahesh, 2011).According to (C.H Cooley) When a class is somewhat hereditary, we may call it caste. The caste system India has changed with the effects of modern education, industrialisation, social reforms, change in legislation, and the influence of modern communication systems. Hereditary social structure, primed(p) occupations and food restriction were prominent in India whereby you have to concern your familys occupation and behaviour similarly in that respect are varied jobs for different caste types for example there is a certain caste to become a soldier. However, caste systems are losing their importance as modernisation and sanskritisation have changed the way p eople think and behave (Calicut, 2011).There are four main types of marriage in India which are polygyny, polyandry, endogamy and monogamy. However, there has been a tremendous change in the marriage structure monogamy is immediately the practised marriage system in India as a answer of others been legally prohibited. Also the influence of parents in choosing their childrens partners has really cut and children are now choosing their partners. In addition there has been alterations in the age of marriage and a man under 21 age is not allowed to marry while a woman under 18 years cannot marry (Mahesh, 2011).International relationsThe Indian economy has become more diverse and globally integrated, as the Indian economy benefited from the high working age population so as other countries benefited from this. The population in India has attracted a lot of investors due to the fact that labour is cheap and also political factors have also influenced the rate of exotic investors. Apa rt from this scientific factors have also compete a major role in the increase in investment as most electrical parts are exported from India however, India has become a resourceful location for electrical and engineering science companiesIndia is increasing its importance as a trading partner to countries, and there has been increase in the investment of GDP in India over the past decade. India is the worlds fifth largest oil refining country, it has a strong trading relationship with United Arab Emirate which is a major importer of elegant oil colour products also India is a significant importer of precious stones which are mostly processed and exported to other countries. In addition, India is a good exporter of iron ore although iron ore has a low share of its total export due to the high export duty fees applied to promote growth in the countrys steel sector (Adam Mark , 2010). (As can be seen in Table 2)Table 2Source UN ComtradeIn conclusion, during the past decade ther e has been a lot of changes In India. The Indian economy due to political changes has become very strong, there has been an increase in the GDP and India is now mentioned among the top four developing countries (BRIC).In addition, there has been a lot of social changes in India including factors like caste, marriage system, education and family structure these factors have played a significant role in the changes recognised in India today. India is the second most populous country in the world with an estimate of 1.26 one million million people (Statistics, 2014).As a result of this, the Indian economy will continue to grow as over 65% of the population is below 35 years old. Indias relationship with other countries has also been strengthened following necessary reforms and India now trades with a lot of countries also the rate of foreign investors has increased.Finally it can be said that if developing countries like India, China, Brazil, Nigeria, Russia and so on continue to gro w at this rate they would challenge the sovereignty of substantial countries like the USA, UK, France, Germany etc.ReferencesAdam, C. Mark , B., 2010. Economic Change in India. Bulletin, September, pp. 19-24.Calicut, U. o., 2011. India rules of order and Social change. Online Available at http//www.universityofcalicut.info/SDE/BA_sociology_indian_society.pdf Accessed 10 June 2014.Mahesh, C., 2011. India Society and Social Change. In H. Mohamad, ed. India Society and Social Change. Khozikode Computer Section, SDE, pp. 15-38.Nirupam, B. Jeffrey, S. D., 2011. INDIAS DECADE OF DEVELOPMENT. Online Available at http//globalcenters.columbia.edu/mumbai/files/mumbai/ center/CGC_WP4_Indias_Decade_of_Development_II.pdf Accessed 19 June 2014.Statistics, W. P., 2014. World Population statistics. Online Available at http//www.worldpopulationstatistics.com/population-of-india-2014/ Accessed 19 June 2014.i1i Rs = India RupeeRs1 = 0.0097(BRIC) = Brazil Russia India China