1. Recession:
The pros lying within the Indian cultures is the habit to spend only what they HAVE and SAVE
money for A riany day an this has been acting as the umbrella.
The world economy went into a steep recession in the last three months of 2008 with global real
GDP dropping at a 6 percent annual rate.
There is a famous saying that, "When the U.S coughs, rest of the world gets bronchitis"! However
India was merely affected with this when many banks of uUS were being declared as bankrupt.
Our Finance Minister's statement that "India has strong fundamentals" is very much correct and
not merely a political statement. The Reserve Bank of India has also expressed the same thing
over and over again.
The government's policies towards providing adequate liquidity have worked.
Gender Inequality:
The weakness which is possesed by almost every culture of our nation which prevents the social/
cultural upliftment of the state is Gender Bias .
The Gender Inequality Index score is 0.617. India’s Global Gender Gap Index rating for 2011 is
0.6190, placing it in 113rd place (out of a total of 135 countries). a number of obstacles prevent
women from accessing land and property other than land, Rape appears to be the fastest growing
crime in the country, (NCRB) which reported 22172 cases of reported rape in 2010, 5182 cases of
dowry-related harassment and 8391 cases of dowry death. [19Persistent and endemic violence
against women, widespread poverty, hunger and restricted access to resources for women are
major challenges for achieving gender equality in India.
Medical Tourism:
"The Indian medical tourism industry is currently in its early growth stage," says RNCOS chief
executive Shushmul Maheshwari.
India’s share in the global medical tourism industry will reach around 3% by the end of 2013.
The December 2010 report -- titled "Booming Medical Tourism in India" – says that the industry
should generate revenues of around US$3 billion by 2013. "India has the highest potential in
medical tourism in the world," says Maheshwari of RNCOS. "Factors such as low cost, scale and
range of treatments differentiate it from other medical tourism destinations. Moreover, growth in
India’s medical tourism market will be a boon for several associated industries, including the
hospital industry, the medical equipment industry, and the pharmaceutical industry."
Brain Drain:
It is one of the biggest threats to the development of our country.
Most of the talented students are running after dollar driven outsourcing work from the US or
UK, working and learning IT and/or call center work. It is estimated 78% of Indian engineers.
38% of doctors in the US are Indians, 36% of scientists are Indians.
34% of employees at Microsoft, 28% at IBM, 17% at Intel are Indians.!
India faces shortage of people for high-end industrial work that is based on research and
development.
Brain drain in India is one of the biggest threat we face right now.