Indian Economy: Old Wine in New Bottle!

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.

How many remember the name of 'ARCHARYA CHANAKYA'? The great Indian Economist. His thought are known as 'CHANAKYANITI'. I am telling this because the topic directly get related to 'CHANAKYANITI'.

-Chankya was responsible for the thought process of SINGLE NATION in the era of different kingdoms within the boundary of India. Chanakya talked about the dirty politics and the remedies to handle it.

-He pin pointed the importance of teacher in building the one nation.

-He was only the person who actually finishes the rule of 'KING DHANANAD', the most corrupted king of MHAGADH kingdom, without having a battle with him.

-He was the person who united all kingdoms when ALEXANDER the great attacked from north. Under his guidance only kingdoms like PANCHALI, NEPAL Naresh etc. Which were on boundaries got united against ALEXANDER though they were rivals of each other.

-Chankya gave a lessons to his student about their responsibilities toward the nation.

-He told the importance of Agriculture and Trading between kingdom.

---- Now tell me all my dear friends is this a complete match of Indian Economy? which includes.

1. United INDIA in different states.

2. Trading and agriculture within country and outside too.

3. Corruption in politicians, As remedy and chance of correction, Election that is to be held after every 5 years.

4. Importance of Education as a backbone of Indian Economy.

These are the main pillars of Indian Economy. Smoothness in this in addition of the aspects of globalization and international economy is nothing but today's economy.

The same case with wine also, IT IS NOT ABOUT THE FAKE WINE OR SOMETHING, older wine is amazing at its taste, smell and its fully fermented ingredients.

SO YES INDIAN ECONOMY IS OLD WINE IN NEW BOTTLE.

Speaking about Indian economy, whether its old wine in new bottle or new wine in old bottle.... Many of us are unaware about the major parameters that determine the foundation of Indian economy. Let me just list out the few parameters which forms the basics of Indian economy.

1. Education - This is the top priority of India right now. Because, everybody knows, India is second largest populated country in the world. Population one of our strengths should be directed in the right way to achieve maximum efficiency. Therefore, to move this population in the right track, EDUCATION is MUST.

2. Electricity - This is the basic critieria to run any industry. At present there is a huge gap of supply and demand in electricity. The economy of India mainly depends on Industries and their growth. To improve the industrial efficiency, ELECTRICITY is MUST.

3. Infrastructure - This is another important criteria when we speak about Indian economy. If you see other developed nations, their infrastructure is way ahead if you compare it in India. Therefore, we must lay our concentration in infrastructure if you want India to be a developed nation. Therefore INFRASTRUCTURE is MUST

4.Governing body - As we all know, we must have a good administration to have a good control over all the rules and regulations prevailing in India. The rules need to be more stringent and all corrupts should be punished. Here there is a lot of scope to be improved. Therefore GOVERNING BODY is MUST

5.Agriculture - Basically India is a Agricultural country. But now agriculture is under prioritized and all the agricultural lands are turning out to be commercial lands. This trend must change. All our newly invented technologies should be used to bring agricultual reforms. Therefore AGRICULTURE is MUST

6.Resources must be routed properly - India is still having a lot of resources to be utilized and it must be properly routed. For instance electricity is wasted in many ways like electricity thefts, subsidy for electricity for farmers. These things can not be done when there is a scarcity of electricity. Therefore all the resources must be routed properly.

All these are a few parameters that all Indians must know who wants India do be a developed nation. Even though we all say "OLD WINE IN A NEW BOTTLE", many of us doesnt even know about the old wine. So please read it and spread it and let us create an awareness in the mindset of people and lets make India a developed nation soon.........

Hi friends,

The topic of our discussion is "Indian Economy: Old Wine In New Bottle". In my opinion, the "old wine" here refers to the traditional economy of our country and all the older methods by which people harnessed the natural resources for earning their livelihood. And the "New Bottle" here refers to the latest infrastructure and new technologies on which our economy prospers.

For example, in ancient India people used to borrow money from SAHUKAARs at some interest rate to fulfil their emergency needs. But now this facility is provided by various banks in our country in a more advanced and hi-tech way. Our country was an agriculture based country and now also agriculture comes under priority sector of our economy and farmers are the backbone of Indian economy. That's why govt. has been providing various facilities at subsidised rates to our farmers.

In ancient India, people used to burn woods to get heat and light. But now this wood is used in thermal power plants for generation of electricity which gives us light and heat.

So, through these examples, I want to say that with judicious use of our resources, keeping agriculture always at the top of our priority list and by erasing the problem of corruption, our Indian economy will grow manyfold in this "new bottle".

Thank You!!

Friends, Our govt want to put strict rules, then every one want to follow that rules. Who all are not following that rules, govt want to give big punishment. So that corruption will reduce in our country. When the corruption start to reduce, country it will grow as much as fast. No doubt in that.

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.

Ya this is right, Indian economy is old wine in new bottle, but if we thought abought it, why this is happening than, only we are responsible for this because we don't want to change ourself and repeat our daily rutine, we don't think about something new.

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.

Certainly agreed with everybody, the graph of Indian economy is incresing day by day. Politician who had good past record they should be given chance. Otherwise some faces should come come forward who think they can serve the country in better way, who can really built corruption free India.

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.