Indian Economy
By Bhalchandra
@Bhalchandra (5)
August 18, 2007 9:14am CST
During the last two decades India has emerged as a fast growing economy. The growth rate of economy being 9 % per annum. The reasons being availability of highly skilled manpower at an economical price, rapid industrial growh coupled with Information Technology. Secondly, younger generation is also available in high numbers who can enthusiastically lead the continuing growh rate. There are, also, many other factors responsible for the faster growh rate of Indian economy. India certainly will emerge as economic giant in the world.
2 responses
@cricketer2020 (12)
• Czech Republic
13 Sep 07
India will certainly emerge as an economic giant. But the simple fact is that India still lags behind, there will be growth in the Indian GDP, but there has to be development as well, the growth of India can only get faster and faster if the money they get out of the growth can be used for development of the nation and sectors than need to be improved. India has over one billion people there so there are also high skilled and low skilled labourers in India, but not all of them are being exploited. And also since there is massive poverty in India, the GDP growth at the moment might develop the country fast, but it is not fast enough to wipe out the poverty of the entire nation. The entire economy will have to do better in order for india to develop, let us all remember that development is more important than growth in the end.
@elshaddai123 (3981)
• Kottayam, India
18 Aug 07
The growth of 9% is bogus.because there are many people living in remote areas where they have no road, transportation system, to return to their homes.
