Indian Economy: Old Wine in New Bottle!

Don't limit investing to the financial world. Invest something of country purpose, and our country will be richly rewarded as developed one..you all were repeating the thing politics is main cause but u should remember that politicians are not from other countries so young rocking stars concentarte on politics and become a good politicain and change the rules..

Well,

I appreciate all of your point but I also want to share my thought. Indian economy is now at good position and our economist, finance minister and RBI governor always trying to boost the economy and they also implementing their plan to make India as a well running economic country.

But, the corrupt politician and we people are not performing our work in a efficient manner and our education, technology, infrastructure and agriculture all should need to develop. Thank you.

Hello As an Indian even I wish to contribute my thoughts, All we do is just blame each other, even I Do sometimes. But only what can make a difference is we have to stood up, we have speak up we should fight for our Rights, Global Awaking all over the world don't judge anyone, stand for right but before that be a right person, if you are finding for guilty you have to look into a Mirror.

My thought is our economy is improving a lot compare to last few years due to the revolution of it sectors. Our ultimate aim for future to achieve the number one position in economy. For achieve that position by improving the research and development area in all sectors. Then India attain the number one position soon.

I think we should not blame others for the poverty that growing day to day and also the worst political leaders way of guiding which leads to corruption. We should 1st aware about what will be the right way to drive the economic and political ethics. The 1st thing is to promote the educational facility in rural areas for which they would also able to understand their rights as well as duties. Then 2nd our country has lot of valuable resource which our country always used to export to the foreign countries and other countries use our resources to become more powerful economically. So we should not export these valuable resources which our country has. Each n every person should aware about his/her duties, responsibility as well as rights for which they will come forward to help others and our country as a whole. So its not to blame others if we are doing so not tried to capable ourselves for our duties then our country can't be developed. So 1st thing is to develop ourselves n dedicated towards our duties for our country. And by which we can decrease the level of corruption in our country. And can have foreign black money back to our country. Thank you.

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.

In my point of view these politicians are the main culprits for this Indian Economy.

In each and every field everyone is corrupted. This scam that scam like that everyone is saying about that but the problem is not solving and that scams. That culprits are in front of us but govt is not bothered about that because of the politicians how play a major role in this. Simply this politicians displaying the Budget that we have done this work that work but how much quality of work they have done they don't want that they want to show this much of budget and swallow remaining.

By this how the Indian economy can be increased.

Some of the indians after completing this Graduation. They are interested to study in abroad. They want to stay over there earn money over there increase that countries economy.

Like this our Abdul kalam and our sachin will think like them.

They are not bothered about that foreign country dollar or pound they are think about their Nation, their mother land.

In each and every field there many competitive exams like this.

There should me some should be something like this for the young political leaders to enter into politics.

So, at last my conclusion is study here, stay here, earn here, pay tax here, live here and make a good Nation and increase Indian Economy.

Jai hind!

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.

If we see our Indian history we were always strong in our population. More than population the number of eligible workforce we have either knowledge industrylike IT or banking or Govt services or in manufacturing take for eg. TVS or Ambani or Tatas. We never lagged in our talent or hard workship.

On the other hand, India is blessed with good amount of minerals like Rice, Wheat, Coffee, Cash crops like Cashew, etc. So now we have materials and man.

We have always banked upon our strengths like our knowledgeable work forces I the recent years esp. From 1990s. Do not forget Agriculture in the end is a mfg sector which contributed to 65% of our GDP and now it contributed to mere 25%. This is good for our economy as well because We are good at services industry now. More than 50% GDP is from services. If you compare this with developed nation like USwhere service industry contributes to 60% nearly to their GDP. So we are now a right mix of services + mfg. But with little more emphasis on mfg we are ready to rock the world. After all do not forget India is one of few countries who were not affected by that 2007 recession!

It is the same old history which is getting to repeat in India. Three centuries back we were made slaves only because we were not economically stable, and yes even now we are economically backward when compared to most of the developing and developed countries. We have become the slaves to the US economically.