Friday, December 11, 2009

Indian Economy - 2010

INDIAN ECONOMY – 2010


We study this subject of economics to remove the poverty and misery of millions in India. India is said to be a developing country because of its per capita real income and utilizing the reserves. Generally India is too weak in unemployment, savings, poor marketing , credit facilities, poor nutrition, high illiteracy, traditional outlook, technical education, prevalence of child labor, low status of women, poor transport, poor technological development .But Indians are  good in agriculture.

India is getting economically developed and it’s economic growth is better. Before independence India had village economy consisting of isolated economic units called villages. There were carpenters, cobblers, weavers, potters, washer men, barbers and their occupations were hereditary. Indian’s were good in the textile industry even at those days.

Organized industry at a large scale was started in India by the British. Indians had peace but not prosperity. Railways & Roadways by the British was modern.

After independence, India made plans to improve the economic growth. It is not yet completely literate .It is also a problem that needs attention. India is improving in literacy rate too, averaging 60%. It aims to be above 75%.

Population is also very large and there is difficulty in catering the needs of the increasing number. Our planning commission has to plan properly and execute it. Do not follow other countries as ours  is a poor country. Tailor made plans will work.

In India 75% of the people are engaged in agriculture either directly or indirectly. India is also improving now in cotton, jute, Iron and   steel, cement, petroleum and sugar industry.

Transport is the lifeblood of commerce and its improving .14,000  trains are operated everyday . NHDP (National Highway Development Project) connects India by roads. India also supports water transport i,e Shipping and Air transport.

Before 1835, gold and silver coins were circulated in India. The system was known as Bimetallism. The current Indian money is stabilized by IMF and World Bank. Currency in India is provided by the Reserve Bank of India. India should have move Co-operative Banks

India’s new economic policy that underlines - globalization, liberalization and privatization was presented by Dr.Manmohan Singh in July 1991.


Recently, there has been a lot of improvements in India in the fields of

Media
Several Tv Channels, Movies, ads, serials, shows, Newspapers and magazines are hitting the market. They should try to provide literacy to the public on emergencies in life and on handling life.

Transport
Trains and Roadways have improved. .Highways has been constructed throughout India connecting all places. This has to be done with quality.

Sports
 India is doing great in sports.

Real Estate
There has been a real estate boom in Tamil Nadu as the prices are getting high.


Gold
Gold prices are rising

Education
 The standard of primary and college, educations are getting better. A number of engineering and medical colleges are available for study. The students also have the option of overseas education with an education loan.

Business
    Small, medium, large scale business in the areas of telecome , media, real-estate, call centers, movies, electronics, provisions, markets, furniture’s, home appliances, textile and  food are growing.

Health care
    Medical facilities are improving. Medicines are available.

Banking
    A number of Banks are now open to public. Multinational banking option is also available.

Stock Exchange
    Stock exchange is also doing good .

Insurance
    There has been several private insurance companies that service the people.

Computers
    Computer software, hardware, Bio-tech are growing.

Movies
    A number of movies are being released


Food
    There is no storage of food for the people


Goods
    All provisions and goods like consumer items  are available for sale.

Free Stuff
    There are a lot of free stuff provided by the government.

Holidaying
    People have started realizing to relax by holidaying in beach, at resorts, hotels and shopping.

Books
    Although there are several books for reading there is no unique path to live life. There are no famous books for that.

    The above points indicate India is growing rapidly. Although citizens know that there is money, he needs to have an open system to check the accounts of the government. As we all know that the politicians are corrupt and the system of government is also corrupt, there are loop holes through which the money may take a walk out. So stress has to be made on income-tax raids, crime of cheat etc.

    The government has to secure the people money and confirm that the money goes to the needy. But to be honest, I can see the improvement myself.

    Everything is ok, but still I too want to contribute something’s on my part. I appreciate what the politicians do but I have a question to ask and that is, when exactly is an Indian going to enjoy a developed country’s facility. When are we going to start living the life by wish and not by force . Where are the options of facilities. It has been so many years since independence we make plans and plan our growth. But we still wait endlessly still for basic cleanliness of the country. India can rewrite it’s laws and policies so that the poor Indian can live happily. And we all know nature is supporting the Indian’s growth. So please get the Indian developed to the international standards.


NCC can be made as a volunteering force to improve our nation.

Make it work 24x7 until we achieve the goal of a developed country. Give them powers to execute actions. Let it monitor the basic facilities, slum clearances, food, clothing, beggars, abandoned people, low, crime, injustice, courts and cases. Take in volunteers and if necessary pay them. Provide help booth for consultations in all areas and villages .Make things accessible. Provide ambulances in all areas, First aid and emergency treatment centers. Provide government shelter and clothing facilities in all areas. Provide a government 24x7 subsidiary food houses in all areas .Make medical free and accessible .Upgrade hospitals. Provide dustbin and maintain it .Start a - clean India –drive, make it true. Seize and punish if someone breaks the rule .stop corruption. Educate people on discipline and public behavior. Make it as the qualification for being a literate. Advertise it in media.

If India is strong in agriculture with 75% of Indians in agriculture .why don’t we have agriculture education like engineering colleges in villages. The literacy rate for agriculturist has to be made strong with agriculture education in school itself. Along with this educate the art of living. This is literacy which is tailor made for India .co-operative banks has to be there in all villages to help farmers. Transportation, living facilities and media contribution with agriculture related information is also required. If we do all the above said things might probably change in the next 10 to 15 years .India might become literate by 75%. There is said to be no food shortage for Tamil Nadu particularly as the food is distributed at subsidiary rates through ration shops. People are so poor that they can’t buy the things that are available in plenty.

Technical education is also getting better with engineering field. Automobiles , electronics , construction and computers. Ultimately the technology should be made practical in India for the lay man and not for a different country. Money has to be spent on research and implementation of technological solution in the Indian infrastructure should be made true through  facilities for the public, technology in banking, transport, jobs, employment, studies, media, business, agriculture, medicine, engineering, planning, government and private offices, maintenance of a country has to be developed. Technology has to be bought for money and executed with money. It is an investment for the future that can stimulate the growth of India literacy is parallel. Production is multiple times higher than manual operation particularly agriculture. But then it requires us to be a literate.

Indians have come a long way with ten five year plans gone. The future plans require as to do the following. Industries like small, medium, large, very large are improving. India has many billionaires .There are private airlines and consumer giants. The government should consult with these billionaires and ask them to invest on emergency sectors like medicine, clothing etc..

Whatever money that is generated through globalization and privatization has to be reinvested on steel, sugar, textile, jute, crude oil, cement, cottage industries etc. the government should invite investments from the giants in industrial finance.

Currently India is excellent in transport that is Roadways , Railways, Shipping and Air.. India should make policies that are flexible enough to transfer good and stop corruption with goods. The government should not compromise in providing quality with service.

  We are said to have foreign debt but that can be paid back if India works sincerely and united.

India has a powerful labor force and so the another industrial revolution if it comes would benefit India.

Since India has a lot of opportunity to improve there is nothing called an unemployment problem. It is also being concentrated by the government.

Industrial finance and the branches of all organizations has to be made available in villages. As India has a big work force people can be taken in as volunteers to achieve this dream.

The technocrats can handle the money, banking and insurance sectors .Though the awareness on savings and insurance has to be made aware to the people. We have a strong base and powerful value for our money and that is India.

Revenues and Taxes has to be utilized properly .Globalization helps us to improve our Revenue.

Changes also has to be made in law and order for an effective economic development and economic growth.

All these above informations can be utilized while planning the long term plans for improving India.

This essay was written on the interest of improving India and not to hurt any Indian.

Grow India. Jai Hind.


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