what is the ecnomic condition of india?

Answer 1

India has a mixed economy which means that the economic base of the country is both Agricultural and Industrial. After globalization there is an upward buoyancy in the economic scene with more investments (mostly domestic and in collaboration with FDI (Foregin Direct Investment) being worked out in some sectors). Inflation is under control (almost on the global average). Economic condition of India is changing-in a positive way , ofcourse with some negative impact in some sectors but overall it is going good.

Answer 2

It is natural condition as a developing country, where average plus monsun. huge requirement of common people, reasonably good export, nominal inflow of NRI funds, causious investments from FII, stable political front, PM & FM are economist , are favouring factors. I see India as a calculating factors in 2025.

Answer 3

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India's economic condition critical: Gujral

Former Prime Minister I K Gujral has said the economic condition of the country is critical and a pragmatic solution is possible only through national consensus.

“We are in deep crisis today. Although the diagnosis has been done, yet the cure is not in sight,” he said speaking at a seminar, Self-reliance, why and how? In New Delhi Friday night, attended by senior politicians, including former finance minister Manmohan Singh, and eminent economists.

Gujral conceded that implementing the Fifth Pay Commission recommendations was greatly responsible for the economic crisis the country faces today.

“I couldn't sleep for two nights before taking decision (to implement it) finally I had to, because of pressure from trade unions threatening stir across the country. I compromised, otherwise the administrative machinery would have collapsed,” he said.

Regarding a pragmatic solution to the problem, Gujral said it was possible only through a national consensus on the issue. He called upon politicians to recognise seriousness of situation and make efforts to explore a viable solution.

Criticising those who favour isolationism, he said international cooperation was essential for ensuring a healthy economic development.

Manmohan Singh agreed with Gujral and said self-reliance does not mean India cut itself apart from other countries.

Singh, quoting Pt Jawaharlal Nehru added self-reliance means a state of development where India moves ahead even in the absence of artificial concessions from abroad.

Singh, speaking at the seminar organised by forum of Indian NGOs for cooperation with United Nations (Fincun) and the Indian Institute of Planning and Management (IIPM), cautioned not to depend on foreign capital with negative conditions accept it only if it can be profitable for us.

Recognising the country's wide market potential, he said, “India's market size makes self-reliance a visible possibility, we ought to explore it”.

To achieve self-reliance, recognising potential of Public Sector Units (PSUs) was a must, he said adding unlike late 1970s PSUs today save nothing, the trend has to be reversed.

Singh gave a call for reorienting public expenditure system while generating available resources upto the optimum. Over extending large scale subsidies to farmers, he said it was not possible.

Criticising the state governments for defaulting on payments in power sector, Singh said the entire fiscal system demands an exhaustive overhauling.

Transmission and distribution losses in power, if checked, could help attain self-reliance, he said.

Bharatiya Janata Party (BJP) convenor, economic affairs committee, Jagdish Shettigar said, the country's fiscal health was a matter of concern.

He called for expanding the tax-payer net make the rich pay tax, this would greatly help attain self-reliance.

Over disinvestment, Shettigar said it was necessary for reducing the interest-rate burden. The policy of disinvesting in PSUs had to be followed at the appropriate time, that is, keeping in mind the future profit-generation prospect of the respective unit, he added.

Bureau Report

Answer 4

well,its 'the' worst and is getting day by day within a decade India would not be anything bettrthan the worlds biggest dumping box

Answer 5

Millions of people with hands out shouting,"Baksheesh!!"
A small minority with oodles of money who sit at the top level of society and the top tier of any movie theatre.

Answer 6

It is booming. Right time to invest in Long and medium term funds and business!!!

Answer 7

Growing, thanks to Bush and the American Corporations who outsource all of our jobs to this country.

Answer 8

sexy gals being born daily with no full stop.

Answer 9

it is better than the best.