All we need is keep betering business infrastructur like china is doing. it will smothen the running of buisness. world class talent and investment will run to you. it will create jobs. huge tax money. also most important is to be good consumers. because that will atract all this. if we keep doing it there is nothing in the world that can stop india from growing as big economic gaint. also dont expect govt or neta to do anything. that fantasy has kept has backward. its time educated people unite in each city and town and work together. jai hind.
Its alarming that atleast 85% of wealth in India rests with less than 15% of the people So one wonders how any statistics can be true when such a disparity exists. It will be a nightmare for the policy makers? Which segment should they focus on? The wealthy 15% where the money lies or the the measly 85% where majority lies. The policies suitable for the 15% (i.e. 85% wealth) will not help the people at large and the policies designed to help the massess have no economic significance (like reducing fiscal deficit etc) since only 15% of country's wealth is influenced by these - unfortunately the disparity is increasing with time and no solution towards equitable distribution of the wealth seems to present itself in the near future.
It will be better if we stay away from predicting the future of Indian economy unless a meaningful approach to solve this economic divide is obtained.
This article forecasts that the per capita income in India will ride to $40k by 2050. This is laughable.
I bet the per capita income of India will be less than $5k in 2050.
My rationale: - economy depends on services output growth (not goods output growth) - enforcement of corporate and IPR laws is arbitrary - no early warning system for epidemics and famines - rote-learning and test scores dominate job market
Re: Laughable
by Wepoorindians on Mar 09, 2011 11:51 AM
Biggest of all -GDP growth figure is all fabricated and cooked to misguide us. Not to forget, when other countries talk about their economic growth, they flash numbers of Housing units built and secondly employment generation done. Whereas in India, ministers fool us with the figures of GDP, WPI,IIP, PMI , CRR ,Repo Rate and RRR, SLR. The best joker award goes to our FM.
It will be like this 10 %- Enjoying all luxury 90% -Begging for mercy of the above 10 % to earn livelihood and live hand to mouth only. Who ever buys the theory of India demographic dividend and Rising disposal income being propagated by wealthy class, are actually living in fools paradise. As long as Houses are not built in great numbers and that too for general class at affordable rate in real values, India is at the peril of entering zone of complete chaos where each will look at others with a high degree of suspecioun and cynacism.
Re: If India ranks amongst the top 50
by timepass on Mar 09, 2011 11:37 AM
very true my friend..but satya yug starts this year and all corruption will end soon.
