Ecomic growth in india - a mirage or a reality.
By jacobdsouza
@jacobdsouza (181)
India
January 9, 2007 2:47am CST
As we all know india has seen a rapid economic growth over the last few years . The sensex has reached all time high and the GDP is about to touch 9 . All western powerhouses are vying for a place in the indian market . IT is going great guns . But by economic development do we only mean industrialization and welfare of the urban population ? What about the rural india ( which comprises about 80 % of india"s population )which still resides below poverty level ? do you feel india is going in the right direction ? waiting for your thoughtful and analytical responses .
1 response
@utsavguhathakurta (44)
• India
10 Jan 07
well...i believe there is a considerable economic growth in the country, but i do agree that it is for a section of the society...they follow what is called the trickle down effect...that is, if my standards of living increase, then the ppl directly involved with me, as in , house help, etc, etc, also increase.....but being more of a capitalist economy, i dont see any other way to bring abt an overall economic growth.....although the current method sucks..
1 person likes this
@jacobdsouza (181)
• India
10 Jan 07
Thaks for your valuable addition . Well i feel balance is the key factor for overall economic growth .More funds needs to be channelised towards agriculture and small scale industries . the problem lies in the fact that we are confusing economic growth with industrialisation and urbanization .
