Swot analysis of India. The Republic of India or Bharat is a South Asian country. She’s the world’s most populated country after China, and she’s the world’s largest democratic country in terms of population. The capital of the country is New Delhi.
India shares the border with Myanmar, Bangladesh, Bhutan, Nepal, China, and Pakistan. The country has a long history that dates back to 55000 years ago, and it has got a lot of ups and downs. Gupta Empire came into existence in the 3rd century. The British Empire officially started ruling India in 1858. Before granting independence, the British government separated India into two parts; Hindu majority current-day India and Muslim majority current-day Pakistan.
According to an estimate, India’s annual GDP in 2020 was 2.59 trillion US dollars, and it’s the 6th world’s highest. Out of which, the per capita was 1876 dollars, and it’s the 142nd world’s highest.
Approximately more than 1,393,409,038 (1.4 billion) people are populating India. Hindi and English are the two official languages of the country. Roundabout 80% of the people believe in Hinduism.
Today, we’ll study the swot analysis of India. Here we’re going to analyze the internal and external factors of the 2nd most populous country. For macro-environmental factors, check out the pestle analysis of India. Here’s the swot analysis of India as follows;
Strengths of India
India has the perfect location for utilizing solar energy, and the country is using it in the form of cookers, water pumps, and solar lanterns. She earned the status of being the first country to produce and consuming electricity at the commercial level in 2015. The government had a sale of 1.4 million solar cookers during the same year.
India is an agricultural country, and it produces a plethora of crops and grains every year. In other words, the government has an extra availability of food supply. In fact, India is the 2nd world’s largest food producer after China. She really needs to upgrade the equipment of her because her productivity is falling.
Appreciate Working Life
India has a closed and joined family system where younger people take care of their parents and grand-parents. More than half of her population comprises younger people less than the age of 35. That’s why the country’s socio-cultural setup appreciates the full-time working life because it keeps the family moving.
India provides cheap labor to western companies, and there isn’t much language barrier. A majority of Indians can speak English. The other reason foreign companies prefer Indian labor is that they can quickly assimilate with Western lifestyles, cultures, and attitudes.
Tech culture and tech companies are increasing in India, creating more job opportunities for young people. Indian provides tech support to multinational tech companies 24 hours a day because of the time differences.
Indian universities produce millions of educated and skilled professionals every year. After completing their education, these young graduates go out in the world to find the right job for their career.
Weaknesses of India
India has the reputation of being a poor country. Her poverty level hides the country’s strengths and skilled workforce as we know that India is home to a large population. When some bad apples are involved in the robot-callers and phone scamming activities in foreign countries, they identify the scammers as Indians because of the accent.
Unequal Wealth Distribution
According to an estimate, approximately 1% of the Indian population is rich, and it controls the whole country’s wealth. It has raised a serious question about the unequal wealth distribution, which increases the poverty level among people. They say that poverty is the mother of all evils. When people have a hungry belly, they’re willing to do anything to make both ends meet.
As we have discussed in the strength section, India is the 2nd world’s largest food producer, and her increasing poverty level doesn’t make sense. According to an estimate by Global Hunger Index 2020, India ranked at the 94th position out of 107 countries. It’s very high, and if you compare it with the previous ranking, India has been decreasing the poverty level.
Opportunities available to India
The Indian economy has got sufficient room for investment in the business sectors. It’s because the country provides the cheap labor facility. It’s something that attracts the attention of many multinational companies. When they invest in the country, it will improve their economic conditions.
According to a study, approximately more than 1 million people would accommodate 69 major cities of India by the end of 2025. Those cities don’t have basic facilities like clean air and water that people could use. If her cities don’t get the things in order, then most of her population would suffer a lot. Resultantly, it would impact the growth of her economy.
The gap between the rich and poor class is increasing because of the unequal wealth. The Indian government should launch various projects to bridge the gap. It would create more job opportunities, and the country would ascend.
Liberalization & Globalization
The Indian economy has adapted the liberal and globalized policies like freedom of speech, LGBTQ, globalization, trade agreement, and many others. It’s because of such a mindset her economy has been moving at an aggressive rate. If the country keeps in the same direction, she will resolve many of her economic and social challenges.
Threats India has to face
India is facing two major issues; poverty and increasing population. They both factors are complementing each other. Some politicians are experts suggesting that the government should launch two-child regulation just like. It would help the country to slow down the population growth. The minimum income should be around 2 dollars per day to be out of the poverty line. There are many who are unable to earn that much.
If India’s population keeps increasing at this rate, it will cross China’s population by the end of 2023. Her resources are scarce, and the number of people is increasing. Many people don’t even have access to the basic necessities of life, and they live in far off villages.
If you think India’s young population is a plus point for the country and the government is utilizing the young talent. The majority of young people are of the age of 35, and approximately more than 40% of them are facing the issue of hypertension. It’s because of the limited career opportunities and extreme economic conditions. According to an estimate, approximately 30% of Indian people die because of hypertension.
After an in-depth study of the swot analysis of India, we have concluded that India is indeed the world’s leading growing economy. Increasing hypertension, population, and scarcity of resources are the serious issues of the country. India should launch mega projects to utilize her young talent, and the economic prosperity would resolve most of the country’s problems.
Ahsan Ali Shaw is an accomplished Business Writer, Analyst, and Public Speaker. Other than that, he’s a fun loving person.