2007-10-11 16:57:05 · 7 answers · asked by kiffa7 2 in Social Science ➔ Economics
If india can maintain the 6 to 8% growth rates they have been having, and with the size of the economy, they could surpass the US in terms of GDP per capita in less than 40 years.
But what will it take for them to maintain these strong growth numbers? I suspect it means a good investment in education and infrastructure. There will be roadblocks along the way. But I think India seems to be making the right changes.
2007-10-12 01:55:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
When they get that Protestant work ethic!
Us Americans, whether we realize it or not are working in a culture of Protestant work ethic. The stage was set during our colonial period.
Folks seeking religious freedom (99% Protestant Christians) believed in working hard. They literally did their work as if they were working for God Himself.
I'm not saying that everybody in the colonies or the founding fathers were Christians. I'm just saying that that was the dominant culture of the time and has left a HUGE impression on the USA.
Another thing, the Bible is filled with verses about being honest. Don't lie, don't steal, etc....These verses are through out the whole Bible. I'm not saying that every American is honest. But I would bet my next 10 years salary that we have less problems with people accepting bribes compared to India.
Concerning bribes. The Bible talks a lot about that too. Don't bribe. Don't accept bribes. That also has been engrained in our culture by those early Christian Protestants.
You don't believe me? I challenge you to show me another country like the USA. You could point to some secularist nations in Europe. Sure. Fine. I would argue that they too have some kind of Christian roots.
That's my 2 cents. Thanks.
Edit: I know a pretty rich Christian business man. His opinion was that business cannot prosper without Christianity having a strong influence on the culture.
You know. I've traveled a lot outside of the US. I think he's right.
2007-10-11 17:45:06 · answer #2 · answered by Anonymous · 0⤊ 1⤋
actually india has poor infrastructure in economic labour.it means we does'nt have economic authority(professional and skilled).so build a infrastructure for skilled labour in economic sector.this solves the problem.next concept for solving this problem is monetary policy.we have to use our money in best way,lending and borrowing is to be balanced.capital of our country should regulated in strong way,inflation and deflation is to be control.
2007-10-11 19:56:55 · answer #3 · answered by michael 2 · 0⤊ 0⤋
the year will be 2050.
2007-10-11 18:24:43 · answer #4 · answered by lily002 1 · 1⤊ 0⤋
better english umkay?
2007-10-11 17:06:15 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Wait...What?!?!?
2007-10-11 17:02:29 · answer #6 · answered by Grasshopper 5 · 1⤊ 0⤋
can't say
2007-10-11 19:19:52 · answer #7 · answered by Rana 7 · 1⤊ 0⤋