The international lending institutions have a significant role in the development of a country whether politically, socially or economically to provide monetary assistance together with other support to developing countries which are growing. Such institution is like the World Bank and the IMF. One of the developing nations India, the international institutions have proven that they are able and can help to develop a country not only by financial help but also getting involved to know what’s is on the ground. The World Bank partnered with India and created a program that helps develop a faster and sustainable growth of the government of India.( the world bank, 2014). Another international institution, the IMF has shown interest in the developing country by enhancing and developing financial sector supervision and monitoring of banks and all their services, this is to aim help the country’s economy (Coale, & Hoover, 2015).
Furthermore, despite these international institutions being kind and warm to this developing countries, they could also impact negative influence in the country. One problem that may occur in the developing country such as India is that the money provided by the international institution as funding to help them develop a large debt that they cannot be able to payback. According to (Shah, 2013) it is believed that most of the developing countries have significant debt and a high poverty rate because of the policies the international institutions are forcing them; and because the developing countries have increased their dependency level on this financial institutions, they end up in this massive debts. For example, India has a high poverty rate many people are not able to sustain their families and also the government is not able to pay its debt fully in time.
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A healthy population improves the economy of their country with a high rate. There are different ways that a healthy population in India can help shape the economic status of their country. When India has a healthy population of the people offering labor in the country hence its productivity will increase drastically hence making different positive changes in the economy of the country. However, if we expect that a non-healthy population to help a developing country like India to grow we will be wrong since there would be zero or less development as compared to a healthy population (OEC, 2014). Also, lack of a healthy population causes delays in the industries that may be working overseas, therefore, causing delays. However, it is clear that a healthy population in India is the best way to be able to increase the levels of productivity and also, production of India.
Another way in which a healthy population in India help strengthen the economy is by better participation in research development. A healthy population is more focused on development and research that are made to ensure the country is developing, and this is because they have intelligent minds and have a perfectly healthy body. The research and development may be for example, for the development of new technology that can be used in businesses to increase efficiency. When the project is completed, it will have a positive impact on the economy of India. Also, due to the improved health, the citizens of India can quickly focus on their goals and interested in the benefit of the economy of the country.
Thirdly, a healthy population reduces the expenditure on preventable diseases, therefore, helping improve the economy of the country. In India, the government has set aside funds that should be used for preventable diseases such as polio (Reddy, 2015). However, when there is a healthy population such funds can be used for other purposes of developing the country’s economy. The funds can also be used in the development of new strategies that could help sustain a healthy population in the country so as the economy could continue to be improved (Govindarajan, 2013).
More so, in the presence of a healthy population, the living standards of the citizens of India improves. The living standards will improve in such that there will be more productivity from the healthy population, meaning that they will get better pay and also the economy of the country will grow, and therefore their living standards will be better as compared to when the country has no healthy population. Also, the government revenue will increase. Thus, the government would be able to build new infrastructures such as modern roads, hospitals, and schools which would benefit all citizens and improving their living standards.
In summary, India as a developing country has its dependency on the international lending institutions which has enabled the country to grow. However, there are negative impacts that follow such. The significant debt that could not be paid quickly by the government causing the state not to develop; due to the fact that the international lending institutions lure a developing country into a series of loans and policies perpetuating that they are helping but at the end the country end up with huge loans that could be paid for a long time. Also, the healthy population of India has adverse positive impacts on the growth of the economy of the country such as the better living standards, reduced expenditure on health-related issues and finally full participation in developments and research. Such a healthy population is very crucial in ensuring that the country’s economy has risen to a higher standard and by doing so they also benefit from the growth of the economy.
- Coale, A. J., & Hoover, E. M. (2015). Population growth and economic development. Princeton University Press.
- Govindarajan, V., & Ramamurti, R. (2013). India’s secret to low-cost health care. Harvard Business Review, 15.
- Reddy, K. S. (2015). India’s aspirations for universal health coverage. New England Journal of Medicine, 373(1), 1-5.
- Shah, A. (2013). Structural adjustment—a major cause of poverty. Global Issues, 24, 1-24.
- The World Bank Group. (2014). What we do. Retrieved from http://www.worldbank.org/en/about/what-we-do.
