Saturday, June 19, 2010

Prospective Indian Perspective

EI have been trying hard to write a few things regarding the indian growing economy.
Its almost hard to suppress ones desire to do things, ones hopes and aspirations and other things regarding the overall upliftment of individual and the society at large.
Now its no secret that the overall superpower and economic market is shifting to Asia.
This itself is reaffirmed with the larger power veto to developing coutries like India and neighbouring China.
In fact China has already a shown this with the 2008 Olympics. Many countries couldn't blink their eyes.
Now thats about China, what about India, the home of IT outsourcing and services related to it.
India is a huge country with billions of population, many of whom live in poverty.
There is a huge amount of the govt has to takle.
The growing market gives rise to new middle class population.
Ok, most of us know how the money than flows from these professionals to the common mass, by generating other  lower end jobs, the giving tax to the Govt.

But, the recent economic breakdown in US and UK, the former being a giant had a serious impact. Their Govt policy to protect its economy went as a big blow to country like India but so complex the economy has become that the US failed to protect rather have to outsourced more to decrease expense.

Now no two big country can come up at the same time together in the same region, practically its hard to think. Since they are indeed sharing the shifted economy. Or the growth has to be small.
Now the prospect of China is clear, by 2030 they will be the super power as analyst predict.
But what about india, some are skeptical, they say its not very likely india will become soon. As the complex nature of Indian general people and psyche, they have a doubt if it could sustain the same growth for another 20 to 30 years. Travelling on indian roads as still feels it hard to digest.

Although the nature of economy is different one manufacturing and other service.
The grim nature of india is the deep rooted division among its people with regard to culture and tradition and religion. Internal conflicts are amost. It is a democratic country by it has all its bad and good impacts followed.
Indians are known to many peoples as beggars. There is a deeprooted caste system which comes as hurdle for the govt to takle. Many of whom are not allowed to mingle with the masses. The story in rural india is more devastating.
But prospect is never diminished by it. Indeed the great indian minds has been a wonder among many nations. The FDI and FII investments are ever flowing. The big IT companies are a thing of pride. The vast number younger population is the driving wheel for the economy.
For to go ahead india has to changed the mindset of the over all population the social divisions have to come to an end.
Infrastructure development for the rural and country side has to accelerate. The regular sense of people for oneness and growing together for the common nation has to be built.
Education is the key to future and the government has to innovate the education system.
Internal conflicts are always and has been a source of concern for the country, whether due to internal politics or due to external factors, would need to end.
It is clearly visible that the prospect of india lies with its growing people and implementing laws for a necessary radical change in social order and environment.