A PESTLE analysis is a framework used to analyze and assess the key factors that influence an organization or industry. These factors include Political, Economic, Sociocultural, Technological, Legal, and Environmental factors. In this essay, we will conduct a PESTLE analysis of India in 2016.
Political Factors:
India is a federal parliamentary democratic republic, with the President of India serving as the head of state and the Prime Minister as the head of government. In 2016, India was led by Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP). The BJP had come to power in 2014, and its focus was on economic growth and development, as well as national security. However, there were also concerns about the government's handling of issues such as religious violence and civil liberties.
Economic Factors:
India's economy had been growing rapidly in the years leading up to 2016, with a GDP growth rate of around 7%. However, in 2016, the economy faced several challenges. One of the major challenges was the global economic slowdown, which had a negative impact on India's exports. Additionally, India's agricultural sector was facing challenges due to drought and falling commodity prices. The government was also dealing with a high fiscal deficit and rising inflation.
Sociocultural Factors:
India is a diverse and multicultural society, with a population of over 1.3 billion people. In 2016, the country was facing several sociocultural challenges, such as widespread poverty and inequality, as well as issues related to gender and caste discrimination. There were also concerns about the availability and quality of education and healthcare, particularly in rural areas.
Technological Factors:
India had made significant progress in the field of technology in the years leading up to 2016. The country had a rapidly growing IT sector and was home to a number of major technology companies. However, there were also challenges, such as a lack of infrastructure and skilled labor, which hindered the growth of the technology sector.
Legal Factors:
India has a complex legal system, with multiple levels of courts and a mix of civil and criminal laws. In 2016, the legal system faced several challenges, such as a backlog of cases and a lack of legal aid for those who could not afford it. There were also concerns about corruption and the influence of money on the legal system.
Environmental Factors:
India has a diverse range of environments, ranging from the Himalayan mountain range to the Indian Ocean. In 2016, the country was facing several environmental challenges, such as air and water pollution, deforestation, and the impacts of climate change