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is the indian economy capable of becoming the largest economy of the world????????? ?


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Old 07-01-2009, 09:10 AM
Gloria Gloria is offline
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Default is the indian economy capable of becoming the largest economy of the world????????? ?

i mean finance people & capitalists say that india is destined to overtake the chinese & US economy after 2050.besides indian GDP which is below china will gradually rise to become the fastest growing economy in the world in the future.unlike communist china which mostly relies on trade &selling small scale goods like toys,batteries,chocolates and earns its GDP, INDIA has the foundation for a STRONG economic sector in IT &engineering.china has a large contribution in world trade & has a good FDI ,india's is insignificant,still india is very near to china& is the second fastest economy,what if india boost its FDI,it can easily overtake china.both the countries have a large work force & eql population problems.besides india is suffering from povery & illiteracy.i am sure the growing economy in india can overtake all these & infrastructure related problems.china has got a disadvantage in communism & its internal problems are bound to make it disintegrate,riots etc,besides china imports FDI illegally frm taiwan & korea.in the future china will look like a factory producing small scale goods & india like the technologiacl lab producing large scale manufacturing goods.china to me is a fragile superpower.
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Old 07-01-2009, 09:10 AM
help help is offline
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Default is the indian economy capable of becoming the largest economy of the world????????? ?

Sure. They have a lot of hurdles though and if the EU accepts a few more nations or actually grows it'll be bigger than the States in few years (or less).
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Old 07-01-2009, 09:10 AM
Canada Canada is offline
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Default is the indian economy capable of becoming the largest economy of the world????????? ?

I think that it is possible, at least in theory. But you have to seriously think about the challenges India needs to overcome. Although there are pockets of greatness where people are well educated and the big IT companies are located, most of the rural areas are in abysmal poverty. The lack of infrastructure is extremely serious because it adds a lot to the cost of transportation and communication. Also, since India is such a fragmented country of so many languages and cultures and a fiercely democratic one at that, it may be difficult for the general public to agree on serious and tough structural reforms. Economic growth and development depend more on the institutions of a country than on natural resources and the size of the labor force. The biggest problem in a country such as India will be to change the inefficient institutions due to the strong democratic tradition ingrained in the culture. If on one hand democracy is great and Indians are privileged when compared to the Chinese, it can also be a large hurdle to get past the populist ideas and get rid of the crippling bureaucracy and corruption that are seen in countries like India and Brazil, for example.
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Old 11-26-2010, 04:15 PM
halongvietnam halongvietnam is offline
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how do i download all the previous year question papers?
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