Not talking about call centres and stuff like that, but proper financial gains that have been made over the few years
2006-08-25 21:07:59 · 21 answers · asked by kirsun10 4 in Local Businesses ➔ India ➔ Other - India
Yes I do agree that India will be a major economic power.
But for that we must start improving the infrastructure that is proving to be the biggest stumbling block.
We need a massive investment in our infrastructure. We need this to happen at a quick pace too otherwise the pace of economic development will be slowed down.
2006-08-26 22:16:21 · answer #1 · answered by manish 2 · 0⤊ 0⤋
It has the potential but bribery is so rife that nothing gets done till everyone has had their pockets lined. And the amount of poverty is unbelievable with no access to healthcare for a large proportion of the population, they also have a huge AIDS problem. So they need to sort out their priorities first. I believe I heard that they will be the biggest consumers of fossil fuels within 20yrs, but that doesnt mean they will be an economic powerhouse. Whenever I ask my indian friends about the govt there they tell me its so bad cos of all the different parties adn none are really for the people, just for themselves.
2006-08-26 04:18:03 · answer #2 · answered by livachic2005 4 · 0⤊ 0⤋
India and China will be the new powerhouses, economically and eventually military, the US like Britain will try to pathetically hold on but the inevitable strength of sheer population of the new superpowers, will become evident
2006-08-26 04:18:27 · answer #3 · answered by G Man 2 · 0⤊ 0⤋
I do not believe teh society supports an capitalist mood like America or China. Much business is going to India but only for one reason and that never helped Mexico. Once the skills are learned thos american companies need to be eliminated and Indian companies need to be started than the ball will roll.
2006-08-26 04:16:01 · answer #4 · answered by Labatt113 4 · 0⤊ 0⤋
yes really as like the India is prospering it is said that by 2020 in India will the best economy in the world
2006-08-26 04:10:37 · answer #5 · answered by Shaina 2 · 0⤊ 0⤋
No doubt man. But if the freaks of leaders had been more selfless and not playing communal and castist games. It should have been by now Comfortably.
2006-08-26 04:13:27 · answer #6 · answered by joseph s 2 · 0⤊ 0⤋
maybe, but upto now, the money is spread among the top few, ther is still a average growing middle class. it does not matter if the 1% constitute 90% of economy
2006-08-26 08:30:56 · answer #7 · answered by ammu 2 · 0⤊ 0⤋
I do agree, but only after it can find some way of sorting out the poverty and destitution that afflicts a large section of their society.
2006-08-26 04:15:45 · answer #8 · answered by keefer 4 · 0⤊ 0⤋
You're joking right. India is one of the poorest nations on earth and there is no end in sight.
2006-08-26 04:38:18 · answer #9 · answered by ? 4 · 0⤊ 0⤋
no, the majority of the people live way below the poverty line. the government knows about indentured slavery and the caste system is still in place.
2006-08-26 04:57:02 · answer #10 · answered by Anonymous · 0⤊ 0⤋