PERC cited uncertainties surrounding India 's coming general election -- due to be held by May 2009 -- along with rising communal violence and incidents of terrorism . `` The biggest risk is that a deterioration in political and economic conditions in neighboring Pakistan could aggravate social unrest in India further , and hurt national security , '' it noted . India 's economic growth was slow in 2009 , most economists say . Nation 's young generation has shown willingness to go into accrue debt to spend . Infrastructure , corruption , health and education also remain economic problems . India faces political , social challenges in 2009 , according to Hong Kong - based group .
India 's economic growth was slow in 2009 , most economists say . Nation 's young generation has shown willingness to go into accrue debt to spend . Infrastructure , corruption , health and education also remain economic problems . India faces political , social challenges in 2009 , according to Hong Kong - based group .