Comments - Latest Popular Stories, Instablogs Community by Analyst_pradyot

Hemant

Hemant — Tue, 15 Apr 2008 00:00:00 +0000

India experienced major financial crisis in early 90s and decided to open up the economy, it was the time when the country was facing a major foreign exchange crunch and the government was on the verge of facing defaults on loans. Globalisation was the need of time and India responded well and worked hard on the policies to push country’s economy forward in favour of open and market oriented economy. We cannot criticise and blame globalisation for the condition of poor people who were more in numbers in two decade ago.

Gibson

Gibson — Tue, 15 Apr 2008 00:00:00 +0000

Blame the successive governments not the process of liberalisation of Indian because it helped India to integrate with global economies. It helped India to step up GDP growth rates from 5.6% (1990-91) to 8.9% in 2007-08. In 1970s, India’s GDP growth was at 3% per anum, more than half of other nations such as Brazil, Indonesia, Korea, and Mexico. Don’t ignore the advantages of globalisation on Indian economy.

Ayushi

Ayushi — Tue, 15 Apr 2008 00:00:00 +0000

Inclusive growth - this is all India needs at this point of time otherwise the condition would be horrible in coming days. Rich are becoming richer and poor becoming poorer. people living in urban and semi-urban areas are receiving the advantages of globalisation but the poor people living in the remote areas and villages are still getting nothing.

Gibson

Gibson — Tue, 15 Apr 2008 00:00:00 +0000

You are right Ayushi, the inclusive growth can solve the problem of uneven groth in the country and it mainly depends upon rural participation at larger level. Villages and panchayats should have their own role in the country’s economic activities. they can help the government in food processing and packaging works. the villagers may contribute in such works in a collective way to help co-operatives to meet the global demand.