Indian Economy: Old Wine in New Bottle!

Hi friends. In my point of view Indian economy is bad, Because INDIAN peoples studied well but they went outside countries for earn money. If they live here they will use their skills and improve the economy of INDIA. In INDIA so many talented peoples was there but they exhibit a great talent in foreign countries, if they did like that foreign countries were improved but our country was not developed.

And also in Indian education mostly preferred for categories. So many talented peoples are not going to higher studies and also not getting seats in good colleges.

Politicians are not help for poor peoples, they are helped only rich peoples. They will do in this way rich peoples are becoming rich. Poor peoples are not developed.

So I concluded peoples once think about it what you are, what you want, what you have to do as a INDIAN.

Hi all, the topic Indian economy is old wine in new bottle, is to me is partially correct & partially wrong. Because, every view shows the way of seeing it. If I am not mistaken, those who are participating in this discussion are mostly belonged to young age & middle class. (Of course, I also. Because the worst affected layer is middle class&rich due to inflation, poor people are benefiting from the high inflationary situation. Nobody would talk about middle class & rich). And are frustrated due to very less employment opportunities& high costly Education system.

The reason & solution you people are (some) suggesting & obviously eager to implement are impracticable & don't suit Indian conditions. Guys. I request you all that, don't blame the system or GOI schemes simply because, it didn't yield any fruits for you. Obviously, we are all part of the system & I believe that every one of us is directly responsible to the current scenarios, whether it is economical, political, , cultural. We must not exclude ourselves from this very system. (one eg. I would like to give you here. We all know the value of water, yet we used to preach the value of it, but when comes to our home, we don't utilize it judiciously.

So for the shortage of water supply, we blame local govt forgetting our role of importance as a responsible citizen of India) of course it's a necessary situation, if you follow some global countries you can understand why I am saying this. I am saying these because, there is a linkage between all the present scenarios. Now, let us come to the topic, , economic situation has worsened in the recent times. When comes to the reasons & solutions, I understand that, no principle or theory is absolutely useful in India. Please remember, India is a pluralistic country.

Moreover it is secular, vast. So, , India can't initiative any reforms regarding issues, because of its geopolitical position, diverse conditions in every aspect. So balanced, flexible solutions would certainly do workout. I understand that GOI is doing well, but its not in its control, yes. Only one area which the govt should consider, they are implementing wonderful schemes but neglecting community involvement. If any scheme's success not in implementation only, if it yield fruitful results, then it should have been there available for you all the time. GOI implement schemes only to a certain period of time, forgetting its future consequences. Corruption at the administrative level is also a big drawback to the effective implementation.

To avoid all these & success, community involvement is very much required. Every citizen of India should understand the responsibilities & act for the sake of big India. So please suggest implementable solutions. As for as politics & politicians are concerned, Indian people are sole responsible as they need to vote eligible persons. So the ball is in our boundary, We should act wisely. Quality Education will solve almost all problems of India. For now, there are no easy answers for current economic situation of India, as wide range of policies are need tobe follow regarding high fiscal deficit, high CAD, high inflation, Rupee depreciation, high interest rates, drop in investments, &power sector crisis. If we suggest & implement one solution, it should also work in the long term, otherwise, it will deteriorate Theocritus. I do not think, the GOI has too many options regarding current Indian financial crisis. Short term goals are tend to pose another challenge one after another.

I am sure government is ready for the challenge & find solutions, the situation will calm down within 1-2yrs. So guys let us all wait & contribute ourselves to it without hesitation. I accept one of my suggested to use the abundant& highly energetic Indian human resources. We urge the government to do so. Thank you.

Now in India, Thuglak rules following by our politicians because:

1]. (in karnataka) rice is selling to poor people at Rs.1 per kg. From this, people will not think about their livelihood. They will not work efficiently.

2]. Not necessary to announcing the act of food safety act in this situation.

3]. Reducing the foreign trade and develop the rural factory products.

4]. Peoples have to keep their petroleum based vehicles in their home and use cycles for work.

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.

My friends you all are right, however I would like to share an example here - If you see the economic status - The Indian currency has plunged a little over 13 percent so far in the month of August alone to mark its worst monthly fall since the year 1993.

This great fall was seen due to some decisions taken in parliament in last 2-3 days. Those decisions are just going to profit the people who are marked at lower class or we can say people living in rural areas or the poor people. However, the actual public who can stabilize the conditions are not being assured for their health and wealth.

When our current government took over the positions, they were expected to bring growth and which they brought, however their strategies were different, still I think it was correct to some extent as we saw a great foreign investment in India. However, overall what we saw is development of literate people, people who are aware of economic conditions and who can predict the future values.

Since investors are looking ahead for their profits and also towards the stability of INR, the government Has been unable to assure the investors for their future profits. The reason why I mentioned this is, the Indian economy now depends on the foreign investment and not on domestic investors as they have never been profited as per their expectations.

Indian economy can only be stabilized if investors invest in India, may it be foreign or domestic. And this can only be done when correct decisions are taken by government To ensure people investing in India are being profited.

Hi.

I agree with all of you but as my point of view we can't blame on other peoples. We'll have to change ourself as a part of our country for the improvement of our country. I think Indian economy is a old wine in a new bottle. We are the young generation & we have to take initiatives. It's time for youngers Thank you.

I am agree with everyone's point of view about this topic. But, according to my point of view, the awareness one should have for a nation is infinitesimal now a days. Whole world is obsessed with one word and that is called myself. When it is comes to country, everyone should contemplating about nation as devotee not as a common. Yes, I do believe that India is having many problem like higher-education, infrastructure, politics, etc. Conquering this problem is not a big nut to crack.

Solution belies under two words and is conscience and patriotism. Both will mitigate the effect of bad education, craftiness, bad politics.

As per my opinion the most important thing to correct our Economy is to correct politics. But this is not the only way to change the position of our economy, we should also take some steps by ourselves to correct it, like to use the products of purely Indian companies (for this we need not to change our lifestyle but just shift them, like use dabur red toothpaste or miswak instead of colgate etc. ).

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.

Hello everyone. I would like to share a few words about Indian economy and why its still lacking behind in achieving successful economy. I agree with many who have shared their views here that its mainly because inefficient utilization of the resources which we are gifted with.

We are unaware of human resource which we have and its a main strength of the country and its not directed properly. Good quality education is must to create awareness of all these and lead the nation in right way.

Agriculture is the backbone of our country it has to be improved using the modern technology. But our govt are giving minor priority to the agriculture sector. Mainly the politicians who rule the nation are corrupted and only running behind the money.

So we, the youths who are the present and future of our country has to think seriously about this have to educate our neighbors relatives each n everyone regarding the economic crisis we have been facing. We have the right to elect the good leader who can lead us in good direction and develop our nation in right way.