Take your thoughts back a little, and you would notice India has done impeccably well in spheres of economy. There had been some steep changes in the economic growth for the better.
Though, global rise in fuel prices earlier this year, definitely had repercussions in Indian finance sector, still it could be said that India had shaped itself immaculately under some serious pressure. It had brought robust inflation under control, and made sure that loans were still getable at a decent rate.
India had taken enough beatings to reach the place where it should be at the moment.
Still there are serious conflicts lurking in India’s foreseeable future, and India should take considerable measures to resolve these conflicts.
Global economic meltdown had affected India, as it is finding a bit harder to maintain its GDP growth of 9%. A growth of 9 % in not so distant past is surely out of question, and India would be somehow happy if it can sustain a growth of 7.5 % in the present scenario.
The economic growth would be the biggest challenge in India’s foreseeable future, apart from maintaining a stern stand against terrorism within its territory.
India also needs to tackle Pakistan in a diplomatic manner which is again a daunting task, bearing in mind the parallel powers of military and the civilian government present in Pakistan. How would India go about it is anybody’s guess.
Over the years, India had been attracting a lot of attention from across the border.
Though, militant activity had picked up a lot in the year 2008, but even in the period before that there were occasional skirmish in India by militants who are based in Pakistan. India is facing some very active onslaught by militant groups such as Lashkar-e-Toiba, Jaish-a-Mohammad, who are amiably supported by ISI.
It makes India fall in dilemma, to select a viable course of action which it should necessitate to flush militants out of its territory. The debate has picked up more after the recent Mumbai attack where terrorists skyjacked Taj and the Oberoi hotels, massacred over one hundred and fifty people.
It is one of the biggest jolt that India has received for quite sometime, and probably the worst since independence. How should India react now?
Should it start an operation on the lines of American war on terror, and in the process breed further hatred among the militant groups? This could also endanger lives of thousands of Indians who travel abroad on a business or a leisure trip.
If it doesn’t follow the path of attacking militant hideouts in Pakistan, then India should pressurize Pakistan through international powers, such as United States of America, United Nations and the other dominant states of UN, to act firmly against the militant outfits that are gaining foothold in Pakistan. Or else try and convince UN to impose economic sanctions on Pakistan.
India needs to take back a lot of flak to what happened in Mumbai, it shows the lack of effective intelligence that it has, and even when you have the intelligence, you do not take it seriously enough to rebuff untoward incident.
There are serious loopholes on the western border with Pakistan, and unless India takes measures to stop infiltration on those borders, it would perhaps be impossible to counter terrorism.
The porous border problem doesn’t stop here, it continuous even in the eastern border with Bangladesh, terrorists outfit such as Harkat-ul-Mujahideen are quite active in these parts and send its emissary to places in Assam to spread terror activities with the help of local recruits.
India needs to find a way to subdue the locals who join hands with the big outfits and stretch terror across the country. For me, eradicating local outfits or individual who aid foreign militants is the biggest challenge India faces. India should try and find means to stop locals from supporting militant groups from across the border.
On the economic front, India somehow needs to get more FII’s to invest in India. It has to devise ways to bring in more foreign investments in the country. Investments in debt instruments should become more favorable to the investors, and finally, enough changes need to be done to regain confidence of the investors.