Indian Economy and Its Challenges
Due to economic reforms India's Gross Domestic Product (GDP) has increased sharply. India has become the sixth largest economy on the basis of GDP, but at the moment there are many challenges before the economy. Compared to the dollar, rising prices of rupee and crude oil have raised concerns about India. Growing non-performing asset (NPAs) in public banks have reached a distressed level of Rs 10.25 lakh crore by March 2018. With the concerted effort where the economy can be brought to higher level, the happiness of the common man will also increase. According to the World Bank's latest report published in July this year, India's GDP at the end of 2017 has become $ 2.6 trillion ( 178.59 trillion). Five other economies include the United States, China, Japan, Germany and Britain. The World Bank says that the economy of India has improved in the last few years. If India continues the process of economic and business reforms as it does today, then it could become