India is believed to have one of the best economies in this
century. There are many factors that go into why India has such a great
economy. Here is a look at those factors and how they play a role in the
economy.
Population: India’s population is growing at an alarming rate. It is believed
that there will be 310 million people by 2030. This is a huge amount of growth
and a large portion of why the economy is growing. There are many articles written about Indian population and the trends in future what India is about to overcome.
Savings Rates: India has a high personal savings record. In fact, 36% of the
population saves a large portion of their money. This leads to banks being able
to do very well. Many technological news came into light to increase savings and decrease poverty. However, it causes a problem as personal spending can be
delayed.
Poverty: There is a lot of poverty in India. A research showed that over
40% live in poverty conditions. This can lead to a down side of the economy in
the country.
Corruption of Officials: There is a large mistrust of officials in India. India is one of the Corruption countries. Many people
believe that they can personally bribe government or state officials. In fact
over 25% of India believes that this happens on a regular daily basis.
Debts: India has taken a lot of personal
debts from other countries to help them get to where they are. In fact the debt
has reached a high by raising 6.8% in one year. Many Indians are fearful that
their country will be lead into poverty and debt that they could never
successful get out of. | 
