When will Indian Economy be the Strongest Economy
By kartiknaiduk
@kartiknaiduk (275)
India
August 28, 2010 6:01am CST
It is believed that Indian economy will beat Chineese Economy in next 15 to 20 years. It is believed that average age of Chineese Population is in between 35 to 45 years old and that of India is in between 25 to 35 years old, according to several economist, as India,s Economy is growing, and such a positive factor will definately make Indian Economy one of the strongest economies. To add oil to the fire, following are some of the factors that would help Indian Economy to be the strongest,
1. Multinational IT Industries are spreading like anything in India, boosting employment with higher pays, this increases per capita income.
2. Insurance Industries has already picked up its pace and according to experts India is now the largest market for Insurance Industries and subsequently large and hefty amounts of business could be generated over here, again as insurance industries pays hefty commissions and salaries which increases per capita income.
3. Automobile Industries are also booming, increase in per capita income will also help in bringing more no. of cars on road.
4. Again, Indian market has become the largest market for retail sectors.
What are your views.
6 responses
@ravi_s2025 (510)
• India
5 Sep 10
We need to abuse human rights like china does, if we want to overtake china.
So yeah we have to accept that india will be a strong economy but it is almost impossible for us to overtake china within next 3 or 4 decades.
@Shineveramya (530)
• India
4 Sep 10
I accept that we've good young generation to improve our economy. But its not enough. To become strongest economic country, many things need to be changed. Poverty need to be decrease atleast, Good Politicians, Population, Good enterpreneurs, Good citizens, many factors there. So lets see. If all those things become good, we'll become good economic country. But i can say everything wont change all of sudden. So we cannot expect good thing in near future.
@achilles2010 (3051)
• India
30 Aug 10
Kartik to know how healthy India's economy is and how strong it would be in next few decades, we must look at what India is producing, what it is consuming and what it is distributing. To know how it would be in future, we must see what it would produce, what it would consume and what it would distribute.
I see only thing India is producing today is babies. It is consuming its babies by killing them in their infancy, and seeing the big brain drain I see again it is distributing babies.
With this kind of trend how can we ever imagine India would ever beat China in economy? You go to any part of the world and you will see that China has flooded the market with goods it is producing. They themselves might not be producing the same goods because they know that it is not worth consuming. They distribute it world over.
I asked my son in Dubai to send me an electric shaver. I had one made in Germany which I had purchased from Dubai 4 years ago. This time he sent me a copy of it made in China. I know it would not be as good as the one made in Germany but I am forced to use it because Chinese goods have replaced almost every goods in the world market.
Indians are producing only spurious things. It is producing spurious sweets, spurious medicines. There is rampant corruption. Incessant power cut simply does not let you work or produce anything. I feel Indian economy would turn worst in days to come. It would lose its place in world market as we had lost place in Hockey and now we are losing our place in cricket as well. It is good for nothing country and its people too are good for nothing. Listen to the news every day; see what our politicians are doing. Listen to the ongoing discussions in the parliament. It is simply filling me with disgust every day.
@mayur71091 (425)
• India
28 Aug 10
I am not a expert, but have some thoughts.
I think when India will WIN the FIFA world cup only then it will be the strongest Economy.
This is the most corrupted country, then how can you keep such expectation's that, are not gonna to come true. I never expect anything from this govt. only except of one thing,
that, This govt. should give us right for live here.
This is the most F U C K I N G govt. that i belong to.
@saranshnaik (193)
• India
30 Aug 10
i think india once upon time was the strongest economy in the world..,w used to call it sone ki chidiya...!!!but due to internal wars other people used this country in very bad way..!! and this golden sparrow is not a golden more...!! i think we have great youth to develop our country in better way..!! we have good team of doctors and engineers and skilled people in others field too..!! i think india will be the greatest economy in future...!!!