Swot Analysis of Indian Economy - 762 Words

SWOT Analysis of various sectors of Indian Economy. The India economy, which is the 9th largest in the world in terms of nominal GDP, can be broadly classified into three sectors: 1) Primary Sector or Agriculture Sector, which contributes about 15% to the GDP and employs around 57% of the total workforce. 2) Secondary Sector or Industry sector, which contributes about 28% to the DP and employs around 14% of the workforce. 3) Tertiary Sector or Service Sector, which contributes the maximum of 57% to the GDP and employs around 29% of the workforce. SWOT analysis of Agriculture Sector: Strengths : - * The favourable Climate and terrain of the Indian sub-continent makes it suitable for producing a variety of crops. *†¦show more content†¦Threats:- * More and more of the agricultural land is being taken up to meet with the demands of the housing and industrial sector, thereby reducing land under cultivation. * With the increase in the purchasing power of the Indians, the packaged food industry is gaining importance in the Indian market, especially in the cities and among the youth. * Some of the government policies like MGNREGA, is diverting the farm labour to other employment avenues, which could affect the agriculture adversely as it depends heavily on manual labour. * Stiff competition from the international markets, if India opens up the trade barriers in the agriculture sector. SWOT analysis of Industrial Sector: Strengths:- * With over half a billion population in the age group of 25-60 years, the industrial sector enjoys a competitive labour market. * Availability of natural resources, skilled and cheap manpower, liberal national policies provide the environment for industries to thrive. Weaknesses:- * Due to India being a democratic country and a mixed economy, the industry has to adhere too many of the protectionist policies of the government, which affects the industry adversely. * The complex labour laws and other political barriers, prevents the industries to work at the best of their efficiency, thus effecting productivity. Opportunities:- * With the rise in the incomes of the Indians, especially the Indian middleShow MoreRelatedTerm Paper649 Words   |  3 Pages | |Post Recession Recovery: Indian Context|-----do------- | |5 | |ITC e-chaupal: Strategic Advantage of |-----do------- | | | |CSR | | |7 | |Foreign Investment in Indian economy - |-----do------- | | | Read MorePresenters Notes For Slide 42052 Words   |  9 Pagesrebalancing is leading this time to entire countries coming close to collapse. Ie the PIIGS (Portugal, Ireland, Italy, Greece, Spain) *The Chinese are unable to grapple with the new challenges that come with becoming the world’s second largest economy and key driver of demand. India must use the opportunity provided by China’s and the World’s economic problems to get its own growth engines revving. It must do five things: 1. 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