Indian Economy: Old Wine in New Bottle!

Indian economy is going bad day by day because leaders not doing their job and they became corrupted. Exploitation of poor people is still going which tells about how much we are strong. The present scenerio tells we are going down and down since there are so many scam happenrd in India like coalgate, 2g, nhrm scam. Our leaders became bankrupter.

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.

In my openion Indian economic rules and regulations are absolutely right. There is a problem in implementing the rules. Recording to this I agree old wine in new bottle. Yes old government policies are re implementing. . When ever our politetions change their mind sets then only our India become developed country.

Good morning everyone,

According to me, Indian economy is still in the condition of OLD WINE IN NEW BOTTLE. To those who said differently, No disrespect I instead appreciate your point but the above is just my point of view. India is still operating at a slow pace, using the old methods, techniques, habits, policies, processes, etc. If compared with the time.

We are in 2012 and still if you want a tatkal railway ticket, you would have to stay awake and stand in line for hours to get a conform ticket. Instead of guarding your position in the Que for the whole night, there could be ensuring electronic entry of data at every railway station.

Not just the policies but also the people planning them and the people executing them are, well more of OLD WINE compared to the NEW BOTTLE of 2012.

I am not saying that new population should be the in-charge but the contribution should increase from current levels. OLD WINE tastes of experience, NEW WINE has innovative and fresh taste. To avoid economical disasters and cause riotous growth both are necessary. The economy and the lives of people of a country should be developing and evolving continuously.

The governing body should have experience and new way of thinking both, a combination of old wine and new wine to get the best of the two.

India is evolving, but at a very slow pace w.r.t. The rocket-speed developments and changes around the world. It is time increasingly new methods are planned and corrected and implemented with old experience. It is time to make INDIAN ECONOMY the APPROPRIATE MIX of OLD AND NEW WINE in the NEW BOTTLE.

I agree with you all of my friend but in my point of view you can't blame only the politians or N. Are. I's because India is democratic country and we choose our government. And no government is free from corruption. My friend we all known the problem of our economy faces but we have to sugges some ideas to overcome the prblems of our faces. I think government have to take reasonable steps to make our economy strong no doubt India is a big country and its a developing country so we have opportunity and have platform to perform so why people go aboard for studies and work because somewhere our country fails to provide the higher education and platform to perform. Why the people of India work for another country because they get more salary and everyone wants to make money.

So I think government have to take some steps to overcome the problems. Its not about old wine or new wine its about the wine should be pure. In our present economy we have many opportunities but we have to aware and grabe our chance. New economy like our technogy, infrastructure, urbanisation, globalisation taking place we have many opportunity so from my point of view its a new wine in old bottle.

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.

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. :).

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!

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.