Can India bail out America and rest of the world from present economic crisis? Part 1

Chandrayan-1 of India

Who can possibly bail out America?

(This hub is published on

13 November 2008).

Economic crisis and financial problems are in alarming state. Cash and credit both are vanishing. Banks are collapsing. Mortgages and student loans are becoming unaffordable. Consumer confidence is melting down. Stock markets are plunging. Production and retail sales are going down. The only thing growing is unemployment. All Tom Dick and Harry are facing financial crisis in America. This is America as of today. Federal student loan consolidation, best consolidation loan student, refinance with bad credit are some of the top search words in Internet nowadays.

Rest of the world is following America. Downtrend, production cut, credit crisis, plunging stock markets; every thing is coming as a nightmare to the entire globe. Entire world is in financial and economic crisis.

Federal student loan consolidation, best consolidation loan student, refinance with bad credit are some of the best paid key words nowadays.

Americans and people from many other countries are looking for a savior in this hopeless situation. But where is he? Is there some one at all?

India may be the one who can bail out America and rest of the world from economic crisis and financial problem. The entire world is looking towards India. President Bush has invited Indian envoy to describe their strategy in the G-20 summit on the 15^th of this month.

Boeing business jet

It is worth to have a look at India!

Can you imagine of a single company employing more than 1.5 million people? It is the Indian Railways!

India is the largest democracy. The constitution of India is the biggest written constitution in the world. Dr. Manmohan Singh, the Indian premier, possesses the maximum academic qualification among chief of the Nations. He is also a renowned economist.

2. It has population over a billion, second highest in the planet. It has more than 250 million (equal to the total population of America) English speaking citizens which are further increasing at the rate of 20 million per year. The fact can surprise you that Hindi is the National language of India and not English. India is also blessed with the highest number of youth and working people. It has the highest number of skilled professionals in the globe too. Indian Institutes of Technology are among the bests and corporations all over the world are eying over the graduates of Indian Institutes of management. The world can not move without Indian software engineers.

3. India has been a Nuclear-power since 1974. It has exploded again in 1998 to get into the elite N-club. It has been possessing super computers even before the commencement of 21^st century.

It is a space power too with a number of satellites moving around the orbit of the earth. It is among the seven countries that could successfully launch a lunar mission. Chandrayan-1 has put India into the elite class of Lunar club. Indian space research organization (ISRO) is now planning for a solar mission "Aditya"

India: Highest importer of gold

India imports and consumes more than 3000 tons or 95 million ounces of gold every year. It is nearly equal to the consumption of rest of the world.

India produces various kinds of Jewelry including Kundan Jadau Meena Jewelry , specialty of India to consume gold.

4. Mumbai film industry, nick named as Bollywood,produces maximum number of movies in the globe. It is worth to know that there are many other film producing zones in the country e.g. Kolkata, Chennai, Hyderabad etc.

India is cutting and polishing 11 out of every 12 diamonds produced globally. It is the fastest growing market of mobile phones, computers and internet. Sales of two and four wheelers are increasing by leaps and bounce. Housing sector and real estate are predicted to grow by 20 % and Business jet market is to be doubled by the next year.

5. Likes of Mukesh Ambani, Anil Ambani, Ratan Tata, Pradip Mittal, and Kumarmangalam Birla are the bright stars of the Forbes’ list. Still king L.N. Mittal, Chairman, Arcellor–Mittal is of Indian origin too.

Amazed with the facts and figures about India?

Now it is time to know how the potential of India can help America and the world at large to come out from the economic crisis. Continued ....2

Can India bail out America and rest of the world from economic crisis Part-2

Updates: May 7. 2009:

Indian economy was also struck by global recession for some time. However it has started regaining its rhythm. Indian auto sales are up by ten percent on year to year basis. Surprised?

Indian export has gone up by approximately five percent.

Indian stock market has started booming again. BSE Sensex, that had gone down below eight K mark is trading over twelve K. BSE sensex closes today at 12117 mark.

Since December 18, 2008, Dow Jones has fallen by one hundred fifty points but BSE Sensex has gone up by two thousand points during the same period.

Comments

RSS for comments on this Hub

doshi nilesh says:
13 months ago

as per my thinking this is big problem for around the world,

rajakrsnan says:
13 months ago

whether india can do it alone, my answer will be a certain NO. can India be among the ones who can help them in finding ways, Yes. whether we are at the end of the problem or not determines who can help. if the problem intensifies and prolongs beyond a certain period, it is going to be a global plague.

JYOTI KOTHARI says:
13 months ago

It is indeed true that India can not do it alone but it has the potential of being a part of it. India can play a major role in the same.

Tom Kurtzman says:
12 months ago

Very intersting and informative indeed.

pgrundy says:
11 months ago

I think India has a lot to teach America, and if only our citizens would quit resenting the loss of jobs to India and take a look at how our own bad habits have contributed to the downfall, that would be a good start. We don't bother to educate our citizens, we waste our young people, and we discourage innovation. So many times I've interrupted people here who were ranting and raving about how much they hate Indian customer service call centers and things they have said (mean things) to show their displeasure, and said, "You know they are up all night to solve your problem, right? You know they are working harder and cheaper and taking constant abuse--why are you dumping on them? Do you want a job working all night in a call center listening to people like you?"

I think we will go through a tough time, but if people here can learn to be decent to each other again and to not expect things to be handed to them just because they want them, it will eventually change. Sometimes you have to have a hard fall to get back up and walk straight. I don't think people here will change until it gets much, much uglier here. They aren't ready yet. They're still hanging on to the illusion of privilege.

JYOTI KOTHARI says:
11 months ago

Dear Pgrundy,

You have rightly commented and directed needle to the right point. i hope India and America can work together to solve global economic crisis.

Thanks for a detailed comment.

Jyoti Kothari

Sufidreamer says:
11 months ago

Never had a problem with the Indian Call centres - the operatives are better qualified than most people. Once India generates the jobs to take advantage of its highly educated workforce, it really will be a powerhouse.

Hope to visit one day!

JYOTI KOTHARI says:
11 months ago

Sufi,

Welcome to India!!

You can may come here to visit its tourist spots and also to find tones of business oppurtunity. Would you like to visit my place?

I will be glad to host a tea for you.

Thanks,Jyoti kothari

Mary says:
8 months ago

India has tremendous potential. India is a more natural partner of US than China because its a democracy. President Obama has described India as one of the world leaders in G-20 summit, London, yesterday.

We, western people are now started realizing strength of India.

Mary

JYOTI KOTHARI says:
8 months ago

Hi, India has proven its strength to the western world. They proved it in space, cyber space and nuclear energy.

Jyoti Kothari

Kamal Surana says:
8 months ago

Dear jyoti,

I agree with you. India has tremendous potential. Ihave travelled all over world and seen indians working hard everywhere.

They have got opportunities overseas in the past. now they are showing their capabilities in India too.

India can bail out America and rest of the world from economic crisis in near future.

Thanks for a great article.

Kamal

Nathuramka says:
4 months ago

Jyoti,

What an article. I am an economist and find this article informative and data rich.

Thanks.

JYOTI KOTHARI says:
4 months ago

Dear Nathuramka,

Thanks for your comment. Please provide your suggestions as an economist to improve the hub.

Thanks again,

Jyoti Kothari

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