Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Saturday, March 14, 2009

Bharat shines


70% of India's population living in the rural areas.A type of an illusion is created in the media that everything in this country is hunky-dory. Still, farmer suicides are unabated in western India.

India ranks first in the poverty index overtaking some of the worst African countries with thousands of thousands of children die due to malnutrition (paradoxically, India also ranks 1st as the diabetic capital of the world) on the one side the Government exhorts for nutrition and conducting program mes for the masses to cut down food intake on the other,truly ! India is a funny place.

The last 17 years of liberalization have helped thousands of families to come out of the poverty. But, still the hinterland remain untouched. Hence, a holistic approach should be evolved to embrace rural areas in the next wave of economic liberalization so that one can proudly India shining oops! sorry Bharat shining

Saturday, February 28, 2009

Don't press the panic button

After the 5 years of bull run and boom in the economy India's GDP stood at 5.3% for this current year. Switch on any Business Channel you get a feeling that doom day is quite nearer than expected. One day you get a feeling that Indian economy is insulated from the global meltdown the other day same channel speaks about that there is no way Indian Economy can remain insular to meltdown because our economy is a part of globalised economy. Remember, since our independence our country registered only3.5% to 4% economic growth no panic button was pressed then ( thankfully, there was no business channel then) why this bombardment on chicken-hear ted Indians who is already prone to cardiac arrests.

Sunday, February 15, 2009

Infrastructure holds the key




For any emerging economy, Infrastructure is very vital. The country cannot have redundant roads, airports, ports and poor power structure. As Indian economy presented 8-9% growth in the last 5 years.The country received a massive FDI's at every level. But, major problems of this country remains the same. Indian Economy expects a major investments in infrastructure sector. The country had witnessed a huge inflow of tourists the existing airports were unable to cope with the traffic .The robust scenario in the export import sector buoyed up the flurry of activities in our ports . The condition of our ports are not in a position to handle them. This would pose problems for us in the long run. With the red tap ism plays the spoilsport the infrastructure ought to wait for a longer period for the clearance.

With the onset of the recession,there will be a further delay in execution of the projects and this sector would bound to remain a laggard. If turning a blind eye to this sector one would witness a mismatch between economic growth and development in the years to come. That is truly not a good news for any country.