Indian Economy: Old Wine in New Bottle!

India is a one of the largest growing economy in the world. India has a vast history was ruled by many like Mughals, British etc. But if we see from 1947 India fight it's own war get its place in fast growing economy. After implementation of LPG in 90's India opened its doors for whole world to invest in India. Now in 2017 India's GDP crossed 7. But due GST and demonetization, GDP came down to 5.9 but it will recover in a long run. In technology, infrastructure, defense India is growing at a fast pace. Once the slow down is over India will able generate more jobs and control inflation. By 2030 India will be the powerful nation with a developed economy.

I would say yes that older wine taste much better than the new one. Old politicians should be there as they have more experinced than the youngster and at the same time youngster should also be given chance to be in politics for there fresh and new ideas. And all those who go abroad for higher packages, salary or education should study in India. And one most important thing is only those persons who go abroad for there job and pay taxes there are not the only persons whose paying will be helpful for the govt here in India there are lots more people who keep black money and they don't pay taxes even so that should be corrected first.

Good morning everyone,

I would like to take the opportunity to start the discussion. So, friends, the topic of the discussion is "Indian Economy Old Wine in a New Bottle". This topic is controversial. Everyone has their point of view based on their experience. Therefore, in my opinion, this statement is more or less true. Even after 67 years of independence our economy, and our constitution are following the same old rule that was once penned down by then policymakers. It is still running on that principle which was once laid by people keeping in mind the circumstances.

But It is hard to say whether it is beneficial or not.

Hi guys,

First of I will say that a good phrase is use for present politics condition.

This is suitable tag for present. I think that corruption is continuously run from a long time before and every talks about it.

But they all forget there rolls in empowering of this bane.

Today's new generation participate in politics but when new wine (new generation) shows that there is no standing position of them in front of old wine than do not try to stand against of old wine.

New wine get mix in the taste of old wine and become old wine.

So here we can say that the bottles are new but wine is still old, my dear.

That's all.

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.

Indian economy is tremendously falling thanks to the corrupt government, lately I read an article which laid an emphasis to what extent can our ministers be corrupted, a bunch of sack with food items which was supposed to go to the needy people of Uttarakhand was recovered from a minister's car. Well I am an NRI working abroad, I have tried several times to move back to India but unfortunately the people in there are not offering jobs based on merit, but they are offering jobs based on cast and contacts. If these crooked practice could be clubbed or abolished I am certain we would see our nation changing dramatically.

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.

If the matter is about brining the young one's in the politics, I dnt thnk sooo will be a perfect or even good solution to the problms exsisting. Neither do I thnk the youngstor doin good job being politicians. Most of the youth who are in politics belong to families of political background. And instead worrying problems of country, thy are busy in promoting there there parents. Where as the old wine (anna hazare) is seeming a headache for the corrupted one's. And that to adopting the means of gandhiji. So it is good to let the wine be in old bottle. Thn only it will show its effect.

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.

Well India economy is new wine in old bottle thanks to our prime minister monmohan singh. Then the finance minister of India in 1991 which brings the economy reforms which changes all. Before 1991 the agriculture contributes 75% to the countries GDP and services sector contributes 15% but now services sector contributes 75 and agriculture contributes 15%. Nowdays there is huge inflow cash from fII and FDI all major firms are to our market (india) such as wall mart because India economy is new wine in old bottle not old wine in new bottle.