What challenges did center and state in India face before 1990s
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The most decisive national election result since 1984 marks a new phase in India’s dramatic journey into the world’s top 10 economies. Following years of slow growth and insularity, in the early 1990s India undertook structural reforms that attracted foreign investment, unlocked entrepreneurial flair and lifted millions into a burgeoning middle class.
Yet while the economy has been transformed, many social problems linger on. The new government of Prime Minister Narendra Modi has a clear mandate for change. Its unprecedented popular support is driven by one common objective: economic growth for the benefit of all Indians.
India may already be the world’s third-largest economy on purchasing power parity, but it ranks only 60th out of 148 countries in the World Economic Forum’s Global Competitiveness Index, indicating that there is greater potential waiting to be unlocked. With inflation high, growth slowing and a need to bolster investor confidence, India faces seven key challenges.
Yet while the economy has been transformed, many social problems linger on. The new government of Prime Minister Narendra Modi has a clear mandate for change. Its unprecedented popular support is driven by one common objective: economic growth for the benefit of all Indians.
India may already be the world’s third-largest economy on purchasing power parity, but it ranks only 60th out of 148 countries in the World Economic Forum’s Global Competitiveness Index, indicating that there is greater potential waiting to be unlocked. With inflation high, growth slowing and a need to bolster investor confidence, India faces seven key challenges.
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