2007-02-17 20:03:41 · 4 answers · asked by yashwanth t 1 in Local Businesses ➔ India ➔ Other - India
India is not so over hyped when compared with the other countries of BRICS - Brazil, Russia, India, China and South Africa. "Globe" as a market or a broader economy always have some pockets or the other for better business opportunities. Emerging markets always have the potentials to out-perform than the developed markets. Since 1990, with the initiative of opening up in India, the economic progress (though imbalanced among various sections of the Society) in India have become visible and the business community world over have been attracted to 'participate in the party' in India. As my friend ravikumar has apprehended his scare, some amount of caution is always welcome everywhere, even in our own personal growth. The knowledge Industry (IT) has proven India's mettle world over and with many more two-way tangible business deals materialising, we need to pursue the path of growth against all odds (even our own - political and social ) to succeed, with due caution and soberness. Something good, rather very good, is eagerly awaiting all of us.
2007-02-20 22:26:38 · answer #1 · answered by helpaneed 7 · 2⤊ 0⤋
It's not just in Haiti and China. Food prices here in the US have skyrocketed in the last several weeks. It's due to a few different factors. 1. Fuel prices: Everything comes into your local grocery via a truck. Commercial diesel prices are higher even than gasoline, even tho diesel requires less refining than gasoline. Not only are the oil companies gouging auto drivers, they are *really* gouging the truckers. 2. Farm subsidies: Farmers are paid *not* to grow crops. The govt. requires them to allow a certain amount of acreage to lie fallow, to prevent "glutting the market with product" and "to keep prices of American grain competitive with the world market". 3. Weather conditions: There has been flooding in certain parts of the country, which most likely destroyed many crops. I was in my small local grocery yesterday. I asked the store owner if he anticipated prices coming back down any at all. Everything has increased in price in the last few weeks. In my store, many products went up one whole dollar per item within a week. A pound of coffee went from $4.99 to 5.99 overnight. A can of vegetable shortening went from 3.99 to 4.99. A bag of flour that could be had a month ago for $0.99 is now nearly $3.00. My grocer said he doesn't anticipate *anything* going down in price. I'm preparing to start my own small farm. I'm gonna buy two calves, some chickens, plant a vegetable garden, and attempt to see how self sufficient I can become. I cannot afford these grocery prices *and* the cost of fuel.
2016-05-24 01:05:48 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes - Absolutely!
While there is no denying that India is fast growing and therefore is a big market for any country wanting to produce in India at lower cost and sell in India at higher costs, definitely the hype is there.
India is 4th largest economy simply because of its population. We account for less than 1% of the global trade - so what economic power are we talking about?
We will eventually become a power one day, but we still have to get millions of them out of poverty and give them basic necessities like potable water, education, power and healthcare.
2007-02-21 06:20:10 · answer #3 · answered by r_ranjith 4 · 1⤊ 0⤋
I don't think so...INDIA is correctly attracting the headlines news because of its current booming. The Software industry is getting revolutionised which indirecly is affecting other fields/Business in India very positively.
But Where is all this going? Thats scary to be frank.
2007-02-20 05:48:01 · answer #4 · answered by ravikumar_g26 2 · 0⤊ 0⤋