Before I proceed with the rest of the Economics for Beginners collection, I think it’s important that I take some time to explain what Economics actually is, since there appears to be quite a lot of confusion each right here on HubPages, and on the Internet usually.
Good informative assortment of statistics about Indian economy. I loved going via it. We have to nonetheless go a great distance. Percentage of our income to world’s complete revenue must be a minimum of equal to proportion of our inhabitants. Actually our country is way richer in resources and human capital so it needs to be far more. That means we now have to increase our revenue even in ppp terms no less than four instances. Hopefully we will be significantly better of in subsequent four-5 years. Only our government should depart business and infra structure building to enterprise managers, industrialists and establishments. Let us hope it happens.
Australian Prime Minister visiting India has signed four business agreements with India. The most necessary is a nuclear deal signed with India. Australia has been mining best quality uranium on the earth and is now agreed to provide their merchandise for nuclear power initiatives in India. This is an indication of growing religion and belief over India. In common, I would recommend that anyone wanting the entire story ought to check out information protection from a number of sources – especially from sources that you do not all the time agree with. You have compared Indian economy with different economies effectively. India is the rising solar in economic front. No doubt.
India has achieved the very best progress fee in the stock market on the earth. If we compare the stock markets of India and America since September 11, we find fascinating info. Dow Jones fell after 9/11 to 8235 on twenty first September 2001. The BSE (India) additionally fell during these days to succeed in a low of 2595. Particular data for Shanghai (China) and Hang Seng (Hong Kong) should not available to me (If anyone has the data, please inform me) but these had been round 1400 and 11000 respectively. Dow Jones is buying and selling at 8787 (While writing this hub Dec. 09, 2008).
India is doing well comparatively even in the recesion. We are proud to be Indian. I actually have seen a few of your hubs and all are totally different, offbeat and awesome. Nicely written hub with assist of data. India is graduaaly gaining its groung in world economic system. It will emerge stronger on this slowdown due to its inner potential. It is value point out that India has achieved almost zero percent inflation rate (Year to yr basis) whereas many of the international locations are either facing or getting ready to excessive inflation.