Indian Economy: Old Wine in New Bottle!

In my opinion I totally against the statement of Indian economy old wine in new bottle.

I think it's totally opposite.

Indian economy in new bottle old wine. Cause India's economy is the 7th largest economy in the world moving toward development at the growth rate of approx 5%, there is a lot of reforms related to education, infrastructure, industry, employment are being created. Lots of FDI getting into India. I think India will be the developed economy in next few year.

Hello, friends.

Many of you said your opinion but I'm differing with you, the economy of India is the seventh largest economy in the world. The country is classified as a newly industrialized country. One of the G-20 major economies, a member of BRICS and a developing economy with an average growth rate of approximately 7% over the last two decades. The long-term growth perspective of the Indian economy is positive due to its young population, corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. The Indian economy has the potential to become the world's 3rd-largest economy by the next decade, and one of the largest economies by mid-century.

Yes, we have politicians who are corrupted and we do face lots of scams in the last few decades. However India is the largest democratic country, we Indians failed to select and elect least corrupt politicians.

But people are changing their attitudes, future India is younger's India. We, young people, are the future of the India. "Little drops of rain makes a mighty ocean". Thanking you for a better India.

According to me, we can not blame to the Indian government. We can blame our political part. Because they are fully dependent of the Indian economy if they increased our economy then nobody person can't poor or unemployment. But the reasons is leader can't do this if everyone is become a employees, nobody ask to the leader because everyone are dependent on himself. So we can say India is shining it top level even not based if we improve our based or agricultural than it is possible that Indian economy will be improve.

Thanks.

Hello everyone.

I accept your views but I'm thinking Indian economy is purely dependent on young generation because they are pillars of any country. But in our country young generation people are diverted towards bad and encourages corruption for their comfort.

And also education doesn't teaches values to most of students. Also doesn't provide any technical knowledge about field which is their chosen. Due to that unemployment rapidly increases which reduces our economy. If we correct our education system and give more &goo education to more then our economy definitely overcomes the top countries.

Hello everyone,

In my point of view it does not matter whether the wine is old or new its only depend upon the purity. So the Indian politics should be pure and free from corruption.

As the Indian economy is based upon the industries the taxpayer should be paid tax in time and the actual value because the Indian government much more depend upon tax for development work.

As the FDI entering the realistic industries that creates lots of employment for the youth. So every Indian try to improve new skills and technology for future developments.

Finally I am saying one thing that India is a developing country it would take time to be a developed country.

Hello every one,

As per as my view is concern I think that the statement, Indian economy old wine in new bottle is partially true because our economy is rising in its way but not that much, it should be, this is the reason why we are still a developing country. The major problem is that cost of living or you can say that our living standard is rising day by day but the income of common man is yet the same as it was in the past.

Hello people!

My name is Parag.

I read most of the responses and I personally believe that wine is improving. The rate of improvement with respect to time is slow. May be some of you know about the term CAPITALISM 24902. That means to bring capitalism to the whole world. That implies creating more and more entrepreneurs in the world. (24902 is perimeter of earth). Here I am talking globally but it will definitely serve at national level.

Like all the private companies should provide more and more support in terms of money, strategy, ideas to the wanna be entrepreneurs so that they can develop and create employment. It will eventually lead to rise in GDP and country will prosper and yeah we are definitely forgetting the backbone of our economy i.e. AGRICULTURE. Government is spending a lot but due to lack of education, corruption and awareness our farmers aren't able to utilize it properly.

So I think to make the wine fresh or keeping it with the pace of changing bottles we need to unite instead of the diversity which is our strength and work for each other. LIVE AND LET LIVE.

I totally agree with my friends about economy is just old wine in new bottle. Instead of taking example of politicians. We should focus on our real life example because we are part of nation.

As many of us stated it is bad or else but what is real problem is as per standard of living we concentrated more on cold drinks rather than juices this is just example to demonstrate. As you aware of all things that are happening in society. Conclusion of all this we are responsible and we must support it.

Hi everyone.

I agree with some of your points.

My opinion is our government is not supporting the products which are produced ourselves.
Instead importing products from other countries.

Yes it is good to maintain good relations with foreign countries. But before that we should support our own people.

And government should frame strict rules to restrict the tax evaders.
And make them to pay taxes properly and improve our economic position.
Every citizen should do his work properly to develop our country.

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.