Question

what is the economic condition of India? And if this condition continue what will be consequences that India going to face in future?​

Answer 1

India is the world's fourth-largest economy. It produced $9.4 trillion in goods and services in 2017. But it has a long way to go to beat the top three: China, with a production worth $23.1 trillion; the European Union, with $19.9 trillion; and the United States, with $17.4 trillion.
India has had rapid growth despite the Great Recession. It grew 6.7 percent in 2017, 7.1 percent in 2016 and 8 percent in 2015. From 2008 through 2014, it grew between 5 percent and 11 percent. That phenomenal growth rate has reduced poverty by 10 percent in the last decade. 

On June 26, 2017, President Trump met with Indian prime minister Narendra Modi. They discussed increasing the number of H-1B visasfor Indian immigrants and the number of U.S. arms. American business leaders want India to reduce protectionist policies that give domestic companies an unfair advantage. This would help U.S. companies compete in pharmaceuticals, entertainment, and consumer electronics. The Trump Organization wants to double its real estate holdings in India. 

On May 16, 2014, India elected Modi as prime minister. By doing so, it rejected 60 years of leadership by the party led by Mahatma Gandhi. Mr. Modi, a successful businessman, promised to reduce bureaucracy and regulation, greenlight infrastructure projects and simplify the tax code. 
Modi must streamline the government bureaucracy that has so far raised the cost of foreign direct investment. For example, he has talked about ending “tax terrorism.” He promised to rationalize India’s complicated tax regimes and support the introduction of a Goods and Services Tax. This would bring greater predictability to India’s business climate. 

In 2014, Modi promised to boost trade with the United States. Modi said he would level the playing field for U.S. companies by reducing policies that favor Indian manufacturing and intellectual property. This could help U.S. pharmaceutical companies, Hollywood, and consumer electronics.