Challenges Facing India in the 21st Century: Concerns About Democracy, Judiciary and Business Environment
As India continues to navigate its way through the 21st century, it faces many challenges that
require serious attention. Recent developments have given rise to a sense of concern regarding the
stability of India’s democracy, judiciary and business environment.
There have been concerns that India’s stock market has become a manipulator’s paradise and is no
longer trustworthy. The government has been accused of stifling press freedom, and democracy
itself appears to be under threat, with the government arresting opposition leaders and parties. The
Law Minister has even gone so far as to call retired judges “traitors”, which is a worrying sign for the
independence of the judiciary.
Religious tensions between Hindus and Muslims have also been on the rise, with people calling for
arms to defend their religion. The government has been accused of promoting a divisive agenda,
which has led to further polarization in the country.
All of these developments have led to a sense of instability, which is not attractive to international
businesses looking to invest in India. The country needs stability and a peaceful environment to
attract investors, who would otherwise look for alternatives like Vietnam, Indonesia, and others.
Under Dr Manmohan Singh’s administration, India was seen as a stable environment, despite
bureaucratic and sluggish procedures. However, the current situation has changed dramatically. The
country has been embroiled in daily controversies, ranging from child abuse to the mocking of
religions.
India must take steps to ensure that its democracy, judiciary and business environment remain
stable and conducive to growth. Only then will it be able to attract the right kind of investors and
build a robust manufacturing ecosystem that can propel the country forward?
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Ashwin Deshmukh
New Delhi
March 24, 2023
