India's national asset is it's cheap and plentiful labour.
However, the labour is particularly unproductive.
This labour glut can only be effectively used by extremely good management, and implementation of automated processes that all but eliminate the possibility of human error.
It is not suprising that India is able to attract Multi National Corporations to take advantage of the cheap labour.
However, paying the population low wages cannot be an end in itself, as it does not achieve much.
If you look at where the majority of the profits end up, it is rarely with the manufacturer (the employer of many workers).
It ends up in the pockets of those who control the markets (dominant brands that have things made in India cheaply), and the technology companies (those that provide the design and manufacturing technology).
India (and China) have a long way to go before they are able to engineer their position into one of dominance (or even superpower).
While the Indian economy booms, there are still people working in remote area earning $1 per month, there are still bonded labourers, and there is still child labour.
The cost of "levelling up" the standard of living in India is monumental, even compared to the turnover of the booming economy.
My belief is one day the poor labourers will get fed up with working for low wages just to make the few in positions of power and influence even richer.
Even now, the vast majority of the Indian population is finding it very hard keeping their heads above water. The "economic liberalisation" started in 1989, so they've been waiting to see a difference for eighteen years so far. At some point they will realise that it was never intended for their benefit.
2007-12-30 07:41:45
·
answer #1
·
answered by Valmiki 4
·
1⤊
0⤋
India is well advanced in medicine and technology.Its capability in nuclear field is well known.Since it is not having ICBM or strike any where capablity ,it cannot be considered as a super power.It may be come a regional power in Asia.With collapse of USSR the future power alignment will be US-INDIA-China axis and Russia in alignment with the rest of the countries except Japan which may remain nuetral.
2008-01-01 04:37:40
·
answer #2
·
answered by leowin1948 7
·
0⤊
0⤋
its good to see India slowly rise to its feet. its a fine country. fine people. after years of suffering and conflict they deserve to find prosparity and security. they have surely earned a vital place in the world. if they are carefull not to be dragged down by Islam, i can see a great future for India. my grand father was a soldier, and served in India. he adored the people. loved the country and the colours.....he allways talked of vibrent coulers and lots of laughing. ive never been to India. but i would love to go.
2007-12-30 20:02:04
·
answer #3
·
answered by Anonymous
·
0⤊
1⤋
As superpower?
Not the chosen one.
The missing key holds the answer.
May be in skill and technology.
Luke 8.10,17
What do you think?
2008-01-01 01:30:22
·
answer #4
·
answered by Anonymous
·
0⤊
0⤋
did i miss something...
have they eradicated poverty?
have they eradicated their caste system?
have they stopped aborting baby girls?
wow open a few call centres, suddenly we`re a global super power.....lol
2007-12-30 19:21:32
·
answer #5
·
answered by openyoureyespeople! 5
·
1⤊
0⤋