Q1: What will be the challenges for Indian economy to achieve more than 10 % growth

rate for next two decades?

 In order to meet the talent demands of the future, more than half of Indian employees
would need reskilling by 2022. They will each take an additional 100 days of schooling,
on average.

 Industry, civil society, educational institutions and policymakers need to work together
to close the existing skills gap.

 40 per cent of Indians are going to be urban residents by 2030. However, more than
5,000 small urban towns (50,000-100,000 individuals each) and more than 50,000
developed rural towns (5,000-10,000 individuals each) with similar income profiles
will also be available, where aspirations converge rapidly with those of urban India.

 Even though approximately 8-12 million working-age individuals emerge in India over
the next decade, the country faces a major challenge in providing the right skills and
productive jobs to the workforce to enable income growth behind the projected
consumption of the future.

 The diagram 2 illustrates the urban-rural population distribution expected in India in

2005, 2018, and 2040. The EIU has assessed a 20% likelihood that the virus will not be
completely contained in China until mid-2020 and a 5% likelihood that the virus will
remain uncontained until 2020. The economic effect in the above worst-case scenario
will be much deeper and more permanent.

Q2: What are the opportunities of Indian economy currently existing?

 In these service areas, India's potential human capital strength will give it a competitive
advantage. According to international agencies, not only does India have the largest
pool of labour, it also has the highest quality of citizens by 2025, MGI forecasts, India
will have 69 cities with a population of more than one million each.

 They will be the centre of economic development, and the greatest infrastructure
building will take place there. Indian cities' production would mimic that of cities in
middle-income countries (Exhibit 2).

 The second opportunity, to import customers to India, has the potential to generate
revenues of $6-50 billion and build between 10 and 48 million (direct and indirect) jobs
by 2020.

 The dynamics of this company are firmly in India's favour, strictly from an economic
viewpoint. A fraction of the cost in developed countries is the cost of medical care and
educational facilities in India.

 For instance, in 2030, Mumbai 's economy, a gigantic $245 billion consumption market,
will be larger than Malaysia's today. By market size, the next four cities will each have
$80 billion to $175 billion in annual consumption by 2040.

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  By serving clients from the Middle East, many Indian health care providers are already
tapping into this opportunity. A list of medical facilities that can be provided to
international customers is outlined in Exhibit 13. India currently has an insignificant
share of global tourist arrivals in the field of leisure tourism.

 Evidently, throughout this region, there is great, untapped potential waiting to be

harnessed by India Inc. The categories of services which India Inc. may provide to
remote servicing and importing customers to India are referred to in Exhibit 14.

 A snapshot of possible labour shortages and supply avenues in 2020 is presented in

Exhibit 6. In addition to developed countries, there would be a labour shortage even in
emerging countries such as China and Russia.

 The future income from these two possibilities is immense. India Inc. may expect to
produce $139-365 billion in additional revenue from these opportunities by 2020,
moving GDP ahead.

 By 2020, irrelevant factors alone could contribute between $133-315 billion in revenue
to the Indian economy. The resulting work growth (direct and indirect) will be in the
10-24million range by 2020.

 Starting with simple services, such as call centres aimed at corporate customers, Indian
suppliers will grow to provide companies with more complex services and also target
people as potential customers.

 While India is struggling with a burgeoning educated youth population, the rest of the
world, especially developed countries, is facing a shortage of working-age people,
primarily caused by lower birth rates and an ageing working population.

 Although, in line with economic development, the demand for skilled workers in these
markets is growing, the supply of skilled people simply does not keep pace. The
concerns are also starting to be felt in professions like IT utilities, pharmacy, and
education.

Q3: What do you think regarding the policy making and implementation of existing
Governments both Central and States?
POLICY: -
→A policy is a theory or course of action proposed by a governing body or enforced
by it. Governing bodies are groups of individuals working in unison to direct and
promote a society, unit, business, organisation, etc. Depending on whether you're
looking at an agency, company, government, or other entity, policies can take several
forms. Overall, policies share some common characteristics:

 Policies, provided the authority to do so, are authoritative declarations promoted

by an individual or entity.

 Policies form ideals and regulations.

 Policies suggest and affect ways of carrying out acts and often by whom.

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Policies are exceptional instruments under the right conditions to make the lives of everybody
in the society easier.

What Is Government Policy?

 The "how," "where," and "when" of how policies will be carried out are dictated by
procedures and protocols. A course of action is described by government policy,
creating a starting point for change.

 They can influence how much tax the community pays, the status and laws of
immigration, pensions, fines for parking, and even where you go to school.

 Although policies are motivated to be non-discriminatory, particular groups of people

may be affected by them. Policies are not rules, but they can lead to rules.

 You already have a clear understanding by now of what a government policy means. A
government policy is a law or concept that will ideally direct decisions better, leading
to positive results that benefit the society or unit.

 Government policies provide the reasons why things should be done in a certain manner
and why. This contributes to processes and guidelines being established to ensure that
measures are carried out in an acceptable manner.

Government Reform Uncertainty

 In the broad scheme of things, the degree of the problem may seem miniscule, but
government is needed to deal with them. This is why a variety of conditions are often
looked at by governments. Policies have to be carefully prepared.

 Policy formation can seem like an endless strip of red tape, even in the smallest
company. That is an evil that is important. There will be a diverse effect of government
policy.

 Government agencies actively aim to create and incorporate ways to improve the lives
of people and neighbourhoods for the better. Not surprisingly, it's a daunting challenge,
trying to harness ideas and resources that can solve the challenges of society efficiently,
to which there seems to be no end.

 Although it will seem stressful, everyone involved needs to be completely sure that
these improvements will strengthen the group and not deter it.

Policy on You & Government

 By being actively involved in community activities and voicing our concerns, our
voices and actions will be heard.

 Policy implementers can enhance their understanding of the implementation process

and the effects of implementation by using the results of the different studies to redesign

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 policies so that they can do their job better and that policy makers and managers should
be able to use the information gained from the new findings in policy implementation
study

 Increasing use of the private sector to implement policies, including faith-based

organisations, also poses new challenges for both those who design and those who
implement policies, aside from these challenges, the future of implementing research
as an optimistic one and one that should greatly improve understanding of this critical
phase of the policy cycle.

 We all play important roles as representatives of society in the development of

government policy. Our right to vote decides who makes policy and how it changes our
lives and the world, from the president of your class to the lowest level of public service
to the presidency of the United States.

 The process of taking an idea and translating it into an activity is policy making. And
those opinions are from people like you. At the voting booth, the ability to influence
policy formulation does not end. Every one of us has the authority to influence policy.