Indian Economy: Old Wine in New Bottle!

Hi,

Though my friends have come up with good points to discuss in favor of the topic, I personally do not agree on Indian Economy being termed as old wine in a new bottle. A lot has changed in terms of economic plans, surely we have come up a long way from the time of independence. Infrastructural policies, educational reforms, foreign reserves and so on have contributed a great deal to help India develop and gain a global recognition.

Rather than discussing the politicians here, I think if we shift our focus to the development that has taken place in India so far we definitely cannot ignore the role played by the strong financial plans that were laid down by manmohan singh in 1990 or the measures that are being taken by the current RBI Governor Raghuram Rajan to curb inflation. Thank you.

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.

India's economy has suffered mainly for our political leaders, they are worstly corrupted and did'nt join the politics to help our nation but for them. They can not make firm decisions to improve our economy rather they prefer babri masjid, godhra or recent assam-mumbai riots. All parties have their strong vision in this sector not in economy. We don't have the strength to hold all the nation in one stand. We are divided and polarised and therefore not stable. For good economy we need a very good social understanding and devotion. We only see our profit not as a whole nation or people. If we overcome this then only India can become a real healthy superpower in economy. Otherwise it will also grow but not as a whole country but for certain people. Commons will be where they are.

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''.

I agree with all of you, politics, new economic policies, new RBI governor all are playing a lead role in making India a country worth living but have you ever wondered about a country in which people can dream big. I am a student and can say that we are living in a world in which we are thinking about a secure live rather than a challenging one. Yes there is a need to change the old policies prevailing in India; now we the youths of new India have to come out of our shelter and show some bright light to our people.

We cannot change the world in one day, we can contribute step by step. Firstly we have to gain deep knowledge about the issues our India is suffering from and educate peoples to make them aware of their rights. Its high time and we need to gear up.

This is Ajay. Surely Indian economy follows the title of the discussion. To be very true India has great potentials but the real problem or misfortune of India is that its potentials are not being utilized the way they should be. One live example of it is the reservation in education system as well as in giving of jobs at bureaucratic levels.

The students who are more meritorious and talented and score more marks compared to reservation category students, don't get preference even when they have scored well. In short selection must be on merit basis and not on the cat/creed basis i.e. resource personnel must be selected irrespective of their casts. Only then the real potential of India would be used and the above said title about India would abolish.

I disagree with the given topic.the fact is " New Wine in Old Bottle" The real Indian economy opened up in 1991 which brought the paradigm shift in indian economy,the sensex reaches handsome level, we saw the IT boom and became the global leader in IT sector, remarkable appreciation in Biotechnology,slowly and slowly we are moving towards manufacturing sector as well.So we are standing today and giving challenges to the Developed countries.Bottle remain the same- we have the same rights and constitution principle but their is change in society i.e "the change in our people".Today we look at things in a diff way we see things in +ve prospective and hoping for a better future both for the Natoin and the Individuals.

Good morning everyone the topic today given to us is Indian Economy Old Wine in New Bottle and according to me Indian economy is one of the biggest economy of the world we are having a huge amount of possibilities but every one is not aware of it, the biggest problem of our country is our peoples we always have excuses or we always blame others never tried to see our self what we are doing we are the young generation and we are the pillars of our country so instead of blames others or our economy we have to take initiatives. As we all knows old is gold so its totally depends on us how we start to grasp new technology, opportunities from the market by having our old economy.

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!

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.