India is at a tipping point, both in terms of economic growth and in the human development of its more than one billion citizens. Issues and Priorities for India: As India prepares herself for becoming an economic superpower, it must expedite socio-economic reforms and take steps for overcoming institutional and infrastructure bottlenecks inherent in the system. Other economic problems also became apparent: a plunging Indian rupee, a persistent high current account deficit and slow industrial growth. India is the world’s seventh-largest economy, sitting between France and Italy. India is a good case study to use when discussing the problems that persist when a country cannot rely on adequate critical infrastructure such as roads, railways, power and basic sanitation. India, which is now the fourth largest economy in terms of purchasing power parity, will overtake Japan and become third major economic power within 10 years. India started recovery in 2013–14 when the GDP growth rate accelerated to 6.4% from the previous year's 5.5%. The rich and content India, the poor and weak India, the mediocre India, the ailing India, the rejoicing India, the satiated India, the starving and famished India the India that reaches out to the space, the India that struggles hard to write it’s name. current national issues US' 'adversaries' trying to take advantage of current situation to gain edge on free world: NSA NSA O'Brien, during an internal phone call with his advisors last week amidst protests against the killing of Floyd, said: "Our adversaries are attempting to take advantage of the current circumstances to do us harm or gain an edge on America and the free world". Relatively closed economy - India is a net importer of primary products; Indian Development – An Infrastructure Gap. The country is the sixth largest economy in the world, with a GDP of $2.6 trillion in 2017. Economic and population growth. Ahead of the India Economic Summit 2017, taking place in New Delhi from 4-6 October, here are eight things you need to know to understand the current state of India’s economy.