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Sunday, September 16, 2007

Indian rupee as new Global Economy

Hi Everyone!
Post your views about when can you see Indian Rupee as new global economy as powerful as the US dollar which is presently the strongest economy in the world. Indian economy is growing and hence it has very bright future prospects. HOW DO YOU FEEL ABOUT IT????
There are various questions which need to be answered for making indian rupee achieve this feat.
some of them are:

1. What should be done for increasing the growth percent of economy at the same pace as China is growing??

2. What can India learn from the chineese economy and the policies of government there ?

3. Can Indian government policies achieve economy growth of over 11%??

There are several steps that Indian government need to take such as making strict rules as the government of China has made for using the huge man power in right proportion as required by different industry sectors. India is lacking this very ingredient as government is not able to divide the man power required by different industry sectors in right proportion hence there is surplus man power available in one sector but scarcity in another sector. India is boasting of itself majorly on services sector which i think is a superficial sector and is more or less governed by growth of manufacturing sectors so more emphasis should be made on the Hard core manufacturing sectors like automobile,steel, heavy machinary industry etc which determines the right growth of the country.
So basically i want to say is that the man power should be rightly divided in correcr proportion so that the saying "INDIA IS LAND OF 1 BILLION + OPPURTUNITIES" is felt as correct saying.

IF U HAVE SUGGESTIONS FOR THIS TOPIC DO POST YOUR COMMENTS !!

like SHOULD INDIA CHANGE IT'S ECONOMY MODEL SIMILAR TO THAT OF CHINA???
not fully but to some extent as possible.

one thimg is sure that growth of country is governed by growth in manufacturing sector rather than growth in services sector....

so what are you waiting for!!! Start posting your comments and let people know about your views and suggesions about the same!

Thanks,
Himanshu

3 comments:

Rajat Sharma said...

Yeah Himanshu you are right it's hard for Indian government to maintain such growth rate in future . Several initiatives are required at the earliest. The problem which has always haunting India is of Corruption which further initiates a lot of other problems like illiteracy, bribery etc, I mean scams at the level of defence minister are too awful to hear. For a strong India(rather superpower India) Corruption has to be tackled with at the earliest otherwise the economy growth rate will eventually decrease .
Even people can take initiatives for controlling corruption. Officials who take money as bribe should be made public so that other such officers stop doing this foolish act of eating there own motherland, sting operations can be used for such officials.
So at end i would conclude that corruption should be properly dealt with and guilty should be given proper punishment as law wants.

Thumbs up! for Himanshu who started such a nice blog.

jaggies said...

Well, I do agree that we need to encourage the private sector in expanding more to provide more job oppurtunities. The SEZs are a step in this direction as they will create more job oppurtunities outside the metro areas. But I also the govt needs to :
1. Improve the infrastrucure.
2. Discourage strikes. They are pretty common in states dominated by left parties like west bengal .

jaggies said...

Well, I do agree that we need to encourage the private sector in expanding more to provide more job oppurtunities. The SEZs are a step in this direction as they will create more job oppurtunities outside the metro areas. But I also the govt needs to :
1. Improve the infrastrucure.
2. Discourage strikes. They are pretty common in states dominated by left parties like west bengal .