META name="y_key" content="f2ab7f45e87c5e0d"> Interactive dialogue: India's March-Economy.

Sunday, January 3, 2010

India's March-Economy.

India is growing steadily .Its economy is making a buzz, a blow up,a vivacious explosion, but not an out burst.
It is ,when compared with China ,making a modest advancement.
China made geometric progression,but India is making an arithmetic increase.
China's multiplication is metamorphical.
India's add ups are metabolical.

The most populous counrtries were mired in poverty , during the 1950's..More so, India after the colonial reign.They did not work out any promotion.They dragged on in abject penury .They lost themselves in increasing the population.The per capita income was absolutely very low.

It was in 1970, the two countries entered into the world of trade and commerce, with certain hope.
China catapulated the opportunities. It slogged heavily .It was successful in finding a solid market for its goods.
India, on the other hand continued its lethargic indulgence.It was sarcastically addressed as "Hindu rate of growth"The bureaucratic tedium, the political intervention did suffocate the Indian enthusiasm


In 1990, India entered the scenario ,with a bang. The red tapism in bureaucracy was unfastened..The manufacturing epoch was established.The Indian products found a new dimension. There was a wholesome impetus to export and import .The exim policies were restructured. India opened its,so far, closed; doors to the world.

The auto manufacturers set foot in the Indian soil. The overseas banks,opened their branches. The  relaxation ,was so tempting, that investors enterd the stock markets too.. The buoyancy was so vibrant ,that India , so long , a country of snakes and fakirs,to the western world,achieved the status of a developing economy, -striding level headedly .Still its velocity could not match with China.

China and India remained steadfast during the recession. China felt the crunch a little ,as it depended on U.S market.

Statiscians expect India to overtake China , as China"s GDP is $4.2 trillion, while India's is nearly one third of it $1.2 trillion.
China relies on 80% exports, while India stands by 50%.
Weighing all these factors, the International Monetaryfund has predicted 8% growth ,for China, 6.4%, for India, and attributed a meagre 1,5% growth to U.S.
As we know the Hare and The Tortoise fable, we infer,ii is "Slow and steady that wins the race"

No comments:

Post a Comment