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Economic Security Outlook for India in a World of Growing Political Uncertainty


Affiliations
1 Professor, Department of World Economy, School of Economics and Management, Far Eastern Federal University, Primorskii Region, Russkii Island, Russian Federation
2 BBA, Specialist in International Economics, and M.S. in National Security and Public Safety, United States

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The research paper provided an analysis of India's economy, its domestic issues, and more importantly, its integration with the world economy. The paper described key factors in the nature of Indian participation in international division of labor, discussing both strengths and weaknesses that provide opportunities or dictate India's needs. The analysis of foreign direct investment inflows and outflows is provided, as well as India's trade partnerships: key sectors and key partners. The paper also discussed about the special economic zones in India. India's energy crisis is discussed, and countries that currently play a major role in mitigating that crisis are also presented. The article also pointed out general economic and social situations: as the service sector plays an extremely important role in the Indian economy, the quality and quantity of its labor force were also discussed, and so was the general business environment for domestic and foreign investors. The key points for India's economic security in the nearest future are suggested, and brief geopolitical factors that will shape the strategic choices of India are also presented. In conclusion, the paper presented an outlook on the current situations in India, key economic security priorities, India's international economic partnerships, and vision on strategic partnerships that will mitigate existing risks and promote healthy economic growth.

Keywords

India, Trade, Special Economic Zones, FDI, Labor, Economic Growth, GDP, Reforms, Energy Crisis, South Asia, Make in India, India Vision 2020, Geopolitics, Regional, Security

F52, F59, O19

Paper Submission Date : October 23, 2014 ; Paper sent back for Revision : February 20, 2015 ; Paper Acceptance Date : March 4, 2015.

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  • Economic Security Outlook for India in a World of Growing Political Uncertainty

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Authors

Natalia Victorovna Kuznetsova
Professor, Department of World Economy, School of Economics and Management, Far Eastern Federal University, Primorskii Region, Russkii Island, Russian Federation
Ekaterina Vasilievna Kuznetsova
BBA, Specialist in International Economics, and M.S. in National Security and Public Safety, United States

Abstract


The research paper provided an analysis of India's economy, its domestic issues, and more importantly, its integration with the world economy. The paper described key factors in the nature of Indian participation in international division of labor, discussing both strengths and weaknesses that provide opportunities or dictate India's needs. The analysis of foreign direct investment inflows and outflows is provided, as well as India's trade partnerships: key sectors and key partners. The paper also discussed about the special economic zones in India. India's energy crisis is discussed, and countries that currently play a major role in mitigating that crisis are also presented. The article also pointed out general economic and social situations: as the service sector plays an extremely important role in the Indian economy, the quality and quantity of its labor force were also discussed, and so was the general business environment for domestic and foreign investors. The key points for India's economic security in the nearest future are suggested, and brief geopolitical factors that will shape the strategic choices of India are also presented. In conclusion, the paper presented an outlook on the current situations in India, key economic security priorities, India's international economic partnerships, and vision on strategic partnerships that will mitigate existing risks and promote healthy economic growth.

Keywords


India, Trade, Special Economic Zones, FDI, Labor, Economic Growth, GDP, Reforms, Energy Crisis, South Asia, Make in India, India Vision 2020, Geopolitics, Regional, Security

F52, F59, O19

Paper Submission Date : October 23, 2014 ; Paper sent back for Revision : February 20, 2015 ; Paper Acceptance Date : March 4, 2015.




DOI: https://doi.org/10.17010/ijf%2F2015%2Fv9i7%2F72353