India's Aspiration to be a Developed Nation: An Analysis of Challenges and Opportunities

Authors

  • Director, Allenhouse Institute of Management, Kanpur

DOI:

https://doi.org/10.56595/lbr.v3i1.23

Keywords:

No Keywords.

Abstract

This research paper examines India's ambition to transform into a developed nation by scrutinizing the manifold challenges and opportunities confronting the country on its developmental path. The study provides a snapshot of India's present socio-economic condition, scrutinizing pivotal issues such as infrastructure improvement, poverty reduction, educational reforms, and ecological sustainability. It also sheds light on the prospects at India's disposal, including capitalizing on its demographic dividend, expanding its information technology sector, and nurturing its burgeoning entrepreneurship ecosystem. The paper concludes by proposing policy recommendations and delineating the potential future course for India's development.

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References

• Pratham Education Foundation. (2018). Annual Status of Education Report (ASER) 2018.

• NASSCOM. (2020). Indian IT-BPM Industry: Performance Review 2020-21.

• NASSCOM. (2021). Indian Startup Ecosystem: State of Startups 2021.

• UNDP. (2020). Human Development Report 2020: The Next Frontier - Human Development and the Anthropocene.

• World Bank. (2020). World Development Indicators 2020.

• World Bank. (2020). Poverty and Shared Prosperity 2020: Reversals of Fortune.

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Published

2024-01-24

How to Cite

Kapoor, S. (2024). India’s Aspiration to be a Developed Nation: An Analysis of Challenges and Opportunities. Lloyd Business Review, 3(1), 1–11. https://doi.org/10.56595/lbr.v3i1.23

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Section

Articles