Future of Indian Economy

It is generally said that future is always uncertain. This saying is correct to some extent. But at the same time it is also said that exceptions are always there. This exception is about India’s certain higher rate of growth in the coming future. The future of Indian economy is brighter because of its huge human resources, rapidly upcoming service sector, availability of large number of competent professionals, vast market for every product, increasing impact of consumerism, absence of controls and licenses, interest of foreign entrepreneurs in India and existence of four hundred million middle class people. Even today, India is producing largest number of billionaires in a year, take over by Indian multinationals is amazing, the craze of Indians to go abroad is rapidly diminishing, the Rupee is becoming stronger and stronger in relation to Dollar. Our country’s say in the international diplomacy and political affairs has now become meaningful, thousands of foreigners are working as executives in India, packages are becoming lucrative and competitive and annual rate of growth is highest after China.  This present picture gives some reflections of the future. But this is all in the absolute sense and not in the relative terms. We are afraid, in future also problems of poverty, unemployment, illiteracy, conservatism, criminalization of politics and economic and social disparities will be prevailing nearly in the same way. This is the contradiction of present delighting picture and fearful apprehensiveness of future. What is the actuality? This question is not only relevant but has to be necessarily replied. That is way the book "Future of Indian Economy" has been written to analyze the conditions in the field like role of micro financing in eradicating problems of poverty and unemployment, the problems and prospects of knowledge economy, chances and challenges of outsourcing in service sector, role of insurance companies in making the future brighter and safer, aggressive retailing and millions of retailers, impact of future trading in commodities on smaller traders, reforms and changing pattern of lending and borrowing and challenges before the public sector banks.