In Globalization era, India is advancing and our leaders pat on their back that they saved India from global economic crisis. Western economies are matured and still strong to take up the challenges.
India is in transition , so we need to build economy which can sustain growth and development.
At present urban and rural middle class is busy in making money in real estates, stock exchanges, to my knowledge this is a bubble , it does not add in GDP or national income.
I do not blame people about their activities, productive growth is very important to generate wealth and employment.
Large cities in India boast as growth centers but it seems that surrounding area remains backward and resources were used to develop cities or urban centers where vested interests and lobbies are active and have major role in speculative growth and investment.
To produce a product, then it has value but inflated prices of flats or money generated in stock exchanges does not add in national income and growth of the country.
by undermyhat5 years ago
One Tenth of Humanity has abandoned the polluting ways of the modern world and returned to a time when things were so pure and so holy. India has had a major collapse of its ability to deliver electricity to over...
by OLYHOOCH6 years ago
(CNN) -- As this interactive from CNNMoney shows, the U.S. is still by far the world's largest economy, despite the Great Recession and tepid recovery.But China is coming on strong, passing Japan as the world's second...
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.