Indian Economy: Old Wine in New Bottle!

Good morning one and all, as per my point of view India government is not utilize our resources properly, even its not focused implementing new technologies in agriculture, these are the main reasons for India is still developing country.

The root cause of collapse of Value of Rupee compared to dollar is the Lack of action in last 10 years. India is growing under 5% growth rate. The condition is unmanageable as the Cost of Living is increased but the Income of citizens is still the same.

Hi Friends,

In my point of view, we all are know Indian economy is mixed economy, all the countries are like to market their product in Indian market, because the Indian peoples are not reject any foreign product. We always like and help others development, but they never think these thinking leads to our market collapse.

So say you all we protect our market- we use our product, we invest our money in Indian market,

Thank you.

As per my point of view we don't blame the Indian govt and political aspect. And Indian economy is based on our economy level. Every one should keep in our mind to improve our economy level means it will automatically improve the Indian economy level. So everyone work hard and make money in good manner.

Hi friends,

I agree with all my friends, but my point of view economy is based on transporting and education, politics level. Indian economy is backbone of education (important for students) Indian economy is great politics only allow for Indian country definitely increasing Indian economy.

In my perspective, Indian economy is mostly based on the industries and business. Industries has to pay taxes to government, but many of the industries violating these taxes by showing some wrong proofs. Government is getting economy mostly from the taxes, if these taxes are missing then what to government do? they will increase the prices and economy also based on GDP of products. We need to export more products to more countries to get money.

Instead of that, we are importing the products from other countries that decreases the Indian rupee and also effect on economy. Finally we can conclude that development is changing and we are developing but the economy is not increasing, so we can say, we are in new trend but the economy rate is as old as the past i.e. like old wine in new bottle.

Hi everyone.

I agree with some of your points.

My opinion is our government is not supporting the products which are produced ourselves.
Instead importing products from other countries.

Yes it is good to maintain good relations with foreign countries. But before that we should support our own people.

And government should frame strict rules to restrict the tax evaders.
And make them to pay taxes properly and improve our economic position.
Every citizen should do his work properly to develop our country.

I totally agree with my friends about economy is just old wine in new bottle. Instead of taking example of politicians. We should focus on our real life example because we are part of nation.

As many of us stated it is bad or else but what is real problem is as per standard of living we concentrated more on cold drinks rather than juices this is just example to demonstrate. As you aware of all things that are happening in society. Conclusion of all this we are responsible and we must support it.

Hello people!

My name is Parag.

I read most of the responses and I personally believe that wine is improving. The rate of improvement with respect to time is slow. May be some of you know about the term CAPITALISM 24902. That means to bring capitalism to the whole world. That implies creating more and more entrepreneurs in the world. (24902 is perimeter of earth). Here I am talking globally but it will definitely serve at national level.

Like all the private companies should provide more and more support in terms of money, strategy, ideas to the wanna be entrepreneurs so that they can develop and create employment. It will eventually lead to rise in GDP and country will prosper and yeah we are definitely forgetting the backbone of our economy i.e. AGRICULTURE. Government is spending a lot but due to lack of education, corruption and awareness our farmers aren't able to utilize it properly.

So I think to make the wine fresh or keeping it with the pace of changing bottles we need to unite instead of the diversity which is our strength and work for each other. LIVE AND LET LIVE.

Hello every one,

As per as my view is concern I think that the statement, Indian economy old wine in new bottle is partially true because our economy is rising in its way but not that much, it should be, this is the reason why we are still a developing country. The major problem is that cost of living or you can say that our living standard is rising day by day but the income of common man is yet the same as it was in the past.