The challenges of the Indian Global Economy

Infrastructure Bottlenecks

• Problems with country’s roads, railroads, ports, airports, education, power grids, and telecommunications infrastructure are significant obstacles as the nation strives to achieve its full economic potential.
• India’s ongoing urbanization, together with rising incomes, has resulted in a heightened need for improved infrastructure, both to deliver public services and to sustain economic growth.

Export Subsidies and Domestic Support

• Several export subsidies and other domestic support have been provided to various industries to make them globally competitive. Export earnings are exempted from taxes and the exporters are not liable for the local manufacturing tax.
• The export subsidies intend to displace exports ....