how we can improve our economy. Where do we lag behind as compared to US.
2007-09-11 20:58:04 · 6 answers · asked by kavi 1 in Social Science ➔ Economics
U.S. economic growth has been slowing since last spring due to the housing slump.The Curreent US economy is facing stiff competition from the new growing economies like India and China.
US economy is already developed well. so the development of indian economy is in better rate compariing to US. we are lagging in advanced tecnologies, infrastructures, corruption freee state. though we are having experts, we can not hold them to work for india because of salary concerns. but now the scenario is changing down. even the experts, specialist in US gone from india want to return to india. because the salary now they are getting there is some what equal to salary giving in india.
on comparing to US, our population is playing a main role. our GDP growth rate is very high comparing with US mainly because of the population in india. also the MNCs in the other countries trying to invest in india because of cheap investment. so the job opportunities in india is very good. with in some 20 years, India will be a developed country.
we can also develop our country by controlling the brain drain & checking the corruption, bribe.
posting the good proffesionals & educated people as union ministers & also in chief positions. increasing the litracy rate. generally the investment destination should be safe & secured. so if we make india as a safe destination for the investment, then we can attract many companies to invest. keeping good ties with neighbour countries will also make the trade better. good infrastructures should be there for transport.
2007-09-11 21:30:04 · answer #1 · answered by ranjith 3 · 0⤊ 0⤋
Indian Economy Vs Us Economy
2016-12-10 15:44:06 · answer #2 · answered by ? 4 · 0⤊ 0⤋
The biggest differences socially between our countries is the biggest influence on the economy.
The Caste system will be an economic drag until it is eliminated. If this isn't eliminated completely, the Indian economy will always lag behind where it could be.
If you dump the Caste system, the biggest difference between India and the US will be your love for Cricket vs Baseball here.
2007-09-12 03:29:32 · answer #3 · answered by super Bobo 6 · 0⤊ 0⤋
Comparison of Indian and American economies may be a good academic exercise but not of much practical value.It would be more pertinent to compare it with,say,China,where in a lot of perimeters are common.America gets mote then 70 % of it's national earnings from outside of the country,a stage to which India may not reach even in next 25 years.
2007-09-12 01:20:31 · answer #4 · answered by brkshandilya 7 · 0⤊ 0⤋
As a huge debtor nation, the US will continue to lose buying power as the dollar devalues. Also, as the DOW continues to drop, investors will start pulling money out and putting it in securities; that effects the capital that companies have to invest or expand in all markets since most firms are global in nature.
2016-05-17 13:41:58 · answer #5 · answered by ? 3 · 0⤊ 0⤋
considering the age of India at present & the same age of USA, India is more developed in all the aspects. but USA at the same age, was fighting .
2007-09-12 04:25:10 · answer #6 · answered by chincha 3 · 0⤊ 0⤋