Indian Economy: Old Wine in New Bottle!

Friends, Our govt want to put strict rules, then every one want to follow that rules. Who all are not following that rules, govt want to give big punishment. So that corruption will reduce in our country. When the corruption start to reduce, country it will grow as much as fast. No doubt in that.

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!!

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.........

How many remember the name of 'ARCHARYA CHANAKYA'? The great Indian Economist. His thought are known as 'CHANAKYANITI'. I am telling this because the topic directly get related to 'CHANAKYANITI'.

-Chankya was responsible for the thought process of SINGLE NATION in the era of different kingdoms within the boundary of India. Chanakya talked about the dirty politics and the remedies to handle it.

-He pin pointed the importance of teacher in building the one nation.

-He was only the person who actually finishes the rule of 'KING DHANANAD', the most corrupted king of MHAGADH kingdom, without having a battle with him.

-He was the person who united all kingdoms when ALEXANDER the great attacked from north. Under his guidance only kingdoms like PANCHALI, NEPAL Naresh etc. Which were on boundaries got united against ALEXANDER though they were rivals of each other.

-Chankya gave a lessons to his student about their responsibilities toward the nation.

-He told the importance of Agriculture and Trading between kingdom.

---- Now tell me all my dear friends is this a complete match of Indian Economy? which includes.

1. United INDIA in different states.

2. Trading and agriculture within country and outside too.

3. Corruption in politicians, As remedy and chance of correction, Election that is to be held after every 5 years.

4. Importance of Education as a backbone of Indian Economy.

These are the main pillars of Indian Economy. Smoothness in this in addition of the aspects of globalization and international economy is nothing but today's economy.

The same case with wine also, IT IS NOT ABOUT THE FAKE WINE OR SOMETHING, older wine is amazing at its taste, smell and its fully fermented ingredients.

SO YES INDIAN ECONOMY IS OLD WINE IN NEW BOTTLE.

Our economy is actually in a transition stage. We are progressing but it will take time to be called a developed economy. Politicians are now aware that the old thinking style will not work now. They will have to find new ways to tackle the complex problems of our developing economy. We have the 2nd largest population in the world and it is not easy to meet everyone's requirements but we have made significant progress in the past couple of years and can still continue to do the same. I feel we are no longer an old wine in old bottle but rather new wine in new bottle.

As I want add some more points here, I am also disagree with New Wine in Old Bottle. After 1991 we changed our mindset from closed economy to open economy. All sectors which are coming in economy (Export-import, banking sectors, mutual funds, share market, etc. ) increasing vigorously. Before this we were not allowed to do business with any country independently because we are not able to provide that much stability to our country, but now condition is changed. We improved our agriculture sector in some areas, people get aware of new schemes of baking & investment, we are increasing our products which are used for exporting & which give maximum foreign exchange, we are a part of BRICS, SAARC groups. So this noted as we are on write path not on old one. So finally I want say that there are some things which are interrupting this, but every system is not a perfect one. Slowly it recovers from all such stuffs.

As I want add some more points here, I am also disagree with New Wine in Old Bottle. After 1991 we changed our mindset from closed economy to open economy. All sectors which are coming in economy (Export-import, banking sectors, mutual funds, share market, etc. ) increasing vigorously. Before this we were not allowed to do business with any country independently because we are not able to provide that much stability to our country, but now condition is changed. We improved our agriculture sector in some areas, people get aware of new schemes of baking & investment, we are increasing our products which are used for exporting & which give maximum foreign exchange, we are a part of BRICS, SAARC groups. So this noted as we are on write path not on old one. So finally I want say that there are some things which are interrupting this, but every system is not a perfect one. Slowly it recovers from all such stuffs.

As far as I think India has opted the right formula for survival as well as growth. Keeping a firm base by utilizing capitalist form of economy is its economic goal. The capitalist form of economy has its pros and cons. So isn't it better to use it to the right extent? Even there was an economic breakdown at america which is a hardcore capitalist nation. India survives as well as grows at the same time. Might be the growth rate is slow. But sustainability is also a very important factor. Especially where a huge populated nation like India is concerned. So keeping in mind the present and the near future for me India is "Old Wine in a new bottle". Rightly!

I guess being a large populated country like India it has many roles to play specially in the field of economy. And where there is corruption at its peak its very important to survive even and see the country is flourishing very well overcoming all d negative aspects plus the mischief mongers in politics. Country where people are obsessed with efficiency of every thing, the title to the economy-old wine in new bottle suits well. :).

Old is gold rightly said by someone indeed this stands fr Indian economy. We may not be developed when compared to European nation but firm base of our economy makes a nation which can withstand global crisis. Our banking policies are firm. When global economy was under crisis India maintained its development steadily.