Indian Economy: Old Wine in New Bottle!

I agree with you all of my friend but in my point of view you can't blame only the politians or N. Are. I's because India is democratic country and we choose our government. And no government is free from corruption. My friend we all known the problem of our economy faces but we have to sugges some ideas to overcome the prblems of our faces. I think government have to take reasonable steps to make our economy strong no doubt India is a big country and its a developing country so we have opportunity and have platform to perform so why people go aboard for studies and work because somewhere our country fails to provide the higher education and platform to perform. Why the people of India work for another country because they get more salary and everyone wants to make money.

So I think government have to take some steps to overcome the problems. Its not about old wine or new wine its about the wine should be pure. In our present economy we have many opportunities but we have to aware and grabe our chance. New economy like our technogy, infrastructure, urbanisation, globalisation taking place we have many opportunity so from my point of view its a new wine in old bottle.

Good morning everyone,

According to me, Indian economy is still in the condition of OLD WINE IN NEW BOTTLE. To those who said differently, No disrespect I instead appreciate your point but the above is just my point of view. India is still operating at a slow pace, using the old methods, techniques, habits, policies, processes, etc. If compared with the time.

We are in 2012 and still if you want a tatkal railway ticket, you would have to stay awake and stand in line for hours to get a conform ticket. Instead of guarding your position in the Que for the whole night, there could be ensuring electronic entry of data at every railway station.

Not just the policies but also the people planning them and the people executing them are, well more of OLD WINE compared to the NEW BOTTLE of 2012.

I am not saying that new population should be the in-charge but the contribution should increase from current levels. OLD WINE tastes of experience, NEW WINE has innovative and fresh taste. To avoid economical disasters and cause riotous growth both are necessary. The economy and the lives of people of a country should be developing and evolving continuously.

The governing body should have experience and new way of thinking both, a combination of old wine and new wine to get the best of the two.

India is evolving, but at a very slow pace w.r.t. The rocket-speed developments and changes around the world. It is time increasingly new methods are planned and corrected and implemented with old experience. It is time to make INDIAN ECONOMY the APPROPRIATE MIX of OLD AND NEW WINE in the NEW BOTTLE.

Speaking about Indian economy, whether its old wine in new bottle or new wine in old bottle.... Many of us are unaware about the major parameters that determine the foundation of Indian economy. Let me just list out the few parameters which forms the basics of Indian economy.

1. Education - This is the top priority of India right now. Because, everybody knows, India is second largest populated country in the world. Population one of our strengths should be directed in the right way to achieve maximum efficiency. Therefore, to move this population in the right track, EDUCATION is MUST.

2. Electricity - This is the basic critieria to run any industry. At present there is a huge gap of supply and demand in electricity. The economy of India mainly depends on Industries and their growth. To improve the industrial efficiency, ELECTRICITY is MUST.

3. Infrastructure - This is another important criteria when we speak about Indian economy. If you see other developed nations, their infrastructure is way ahead if you compare it in India. Therefore, we must lay our concentration in infrastructure if you want India to be a developed nation. Therefore INFRASTRUCTURE is MUST

4.Governing body - As we all know, we must have a good administration to have a good control over all the rules and regulations prevailing in India. The rules need to be more stringent and all corrupts should be punished. Here there is a lot of scope to be improved. Therefore GOVERNING BODY is MUST

5.Agriculture - Basically India is a Agricultural country. But now agriculture is under prioritized and all the agricultural lands are turning out to be commercial lands. This trend must change. All our newly invented technologies should be used to bring agricultual reforms. Therefore AGRICULTURE is MUST

6.Resources must be routed properly - India is still having a lot of resources to be utilized and it must be properly routed. For instance electricity is wasted in many ways like electricity thefts, subsidy for electricity for farmers. These things can not be done when there is a scarcity of electricity. Therefore all the resources must be routed properly.

All these are a few parameters that all Indians must know who wants India do be a developed nation. Even though we all say "OLD WINE IN A NEW BOTTLE", many of us doesnt even know about the old wine. So please read it and spread it and let us create an awareness in the mindset of people and lets make India a developed nation soon.........

Well most of you guyz are blaming the people working abroad even here jobs are available but you should need to be aware that yet IT sector of India is not so good, as manufacture of product is almost negligible.

And about the wine. It doesnt matter that the wine is new or old but the thing to be consider is whether the wine is real or fake. If it is real then it will for sure tastes good but if it is mixed up with corruption n malicious components. Then it may lead to death.

If the wine tastes good it will definately hike our economy which catches the interest of foreign countries and they will make economic & IT sectors which provide jobs based on your area of interest n will pay tax to our country.

This all need dedication to our nation. Words are just a part of daily life but we need to implement it.

Hi friends,

Indian economy not depend on politics but politician depend on economics. In present time, if we want to corruption free India and growth of Indian economy, its a time for young and Dynamic peoples to come into Politics.

Hi friends,

The topic of our discussion is "Indian Economy: Old Wine In New Bottle". In my opinion, the "old wine" here refers to the traditional economy of our country and all the older methods by which people harnessed the natural resources for earning their livelihood. And the "New Bottle" here refers to the latest infrastructure and new technologies on which our economy prospers.

For example, in ancient India people used to borrow money from SAHUKAARs at some interest rate to fulfil their emergency needs. But now this facility is provided by various banks in our country in a more advanced and hi-tech way. Our country was an agriculture based country and now also agriculture comes under priority sector of our economy and farmers are the backbone of Indian economy. That's why govt. has been providing various facilities at subsidised rates to our farmers.

In ancient India, people used to burn woods to get heat and light. But now this wood is used in thermal power plants for generation of electricity which gives us light and heat.

So, through these examples, I want to say that with judicious use of our resources, keeping agriculture always at the top of our priority list and by erasing the problem of corruption, our Indian economy will grow manyfold in this "new bottle".

Thank You!!

After reading the views of all the people I am surprised that so many people are really interested to improve our country. Because myself busy in my working thinking about myself.

We really need to do something to bring the situation in good condition. But who will start. We even don't know What is to be done? Who will do it? How To do It? When is to be done?

We don't have any plans or answers to this above questions. Rich people are becoming rich. Poor people are not willing to be rich in-spite of so many government facilities given to them. Nobody wants to do agriculture. Middle class people are busy in solving and fulfilling their basic needs of family. Politicians are enjoying their life by dumping the money in their Swiss bank Accounts. Only best place to work in India is enter the politics. If we just recover the black money from the politicians or if these people pay the tax on the money earned in scandals our economy will grow like any thing.

In Budget govt announces.

1. 20000 crores for road developments.

2. 25000 crores for education system.

3. 20000 crores for women development.

But in the above mentioned amounts only 20% percent is used for development. Rest all the money is in Swiss bank accounts. This is the situation of our country.

It is the duty of every citizen to ask questions to our govt regarding this scandals.

In my perspective, Indian economy is mostly based on the industries and business. Industries has to pay taxes to government, but many of the industries violating these taxes by showing some wrong proofs. Government is getting economy mostly from the taxes, if these taxes are missing then what to government do? they will increase the prices and economy also based on GDP of products. We need to export more products to more countries to get money.

Instead of that, we are importing the products from other countries that decreases the Indian rupee and also effect on economy. Finally we can conclude that development is changing and we are developing but the economy is not increasing, so we can say, we are in new trend but the economy rate is as old as the past i.e. like old wine in new bottle.

Hello, everyone.

Indian economy condition is not just because of only politician and politics. We can't balm only our government.

We all are the people of India and it's our nation, so it's our responsibility to know where we are lacking and should do necessary steps in order to overcome the issue of the economy. Well, it's very easy to talk about on any topic or balm anyone. But we should first look at them what actually we are doing. Yes its true corruption, poverty, illiteracy and so many issues that are not yet resolved. But if our government is not doing effort if anyone is doing effort so it does not mean we should sit quiet and just wait for the good things to happen by their own. So my point is finding faults in government or other is so simple we should Them self-do the things so that we support our India and Indian economy.

Thanks.

Indian economy fully depends on the decision taken by the top management of the government body in reference to the availability of resources.

The problem why we are not able to achieve what is to be required is the use of human resource at the right place.

* Person involve in all type of criminal activity is designated as CM of the state (for all 28 states).

* Person who don't know anything about the agriculture is designated as Agriculture minister along with sports minister and many more sector.

* Person who is brilliant in finance and economy is playing a different role in country future.

This is just One reason which is happening in every sector and industry.

''Putting the right talent at the right and required place will definitely give boost to Indian economy''.