Indian Economy_ Old Wine in New Bottle! - Group Discussion

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  • 12/16/13 Indian Economy: Old Wine in New Bottle! - Group Discussion

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    Indian Economy: Old Wine in New Bottle!

    @ : Home > Group Discussion > Economics - Discussion Room

    Points to remember before you participate in this disuccsion:

    Assume, you one of the member of a real group discussion.

    Take the initiative to participate and contribute your thoughts.

    Express your positive attitude towards providing the solution.

    Sathya said: (Thu, Dec 5, 2013 05:58:36 PM)

    Indian economy is very bad because many poor people in India. Many children can't study because they are

    working. This situation was continue many years. Politician and some rich people does not help to poor people this

    is very sad news. When will the poverty decrease that time the Indian economy will peak increase.

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    is very sad news. When will the poverty decrease that time the Indian economy will peak increase.

    Rate this: +2 -1

    Mitali said: (Fri, Nov 29, 2013 11:29:25 AM)

    I believe that mostly politicians ruling are old age people and we need a young politician with a unique thought of

    mind. But no chances are seem to having a capable, young and intelligent politician who can change our country's

    position. I feel that politicians in present time will not let such type of person come and stay in this field. They just

    concerned about how they can make money by ruling over nation. And they use their power on those people who

    can be threat for them in their mission "money making".

    Rate this: +2 -1

    Devesh Sharma said: (Tue, Nov 12, 2013 11:46:42 AM)

    Dear friend,

    As per my point of view Indian economy is totally depend on political aspect. We should keep in our mind economy

    is ultimately depend on political leader, if political leader will young n free from corruption then Indian economy will

    be so bright.

    Rate this: +17 -2

    Rajat Roy said: (Sat, Sep 21, 2013 01:24:42 PM)

    Given argument implies - "Is the core of Indian economy unfit for the new age and only a show off to the world?".

    Yes, very much agreeable because the momentum of old economy is still there and can only be renewed by

    younger generation, outward shining will only please your mind.

    But despite, I would say Indian economy is a fresh and strong wine being served un-chilled with added water.

    We all think we are lagging behind because our skills are being misused because of corruption. We believe that

    we can go far beyond.

    It is not only the administration or the corporate to be blamed for poor strategy, but also we people, yes the

    common you and me.

    Because, it is a chain, you cannot deny it. If here at the lowest level is you and me hoping for the right strategies

    by the authorities, then there is also a same you and me at the top level hoping for their employees to give their

    best.

    Then what happened? why is it not working? Its not working because we usually don't feel like it. To be a unit. The

    best we can think is. "I have enough potential to change everything, but if I work hard, will the other employees

    work hard as me, is the boss paying attention to my hard-work, will I be rewarded for it or all my work will be

    demolished by corruption?".

    If a single member gives up, the chain is broken and scattered. It is unable to drive the economy. It will produce

    only a GDP of iron piece/kg.

    On the other hand if we want to do something really powerful. The best thing to do is simply work hard as per our

    potential without a second thought.

    Because you don't work hard for the reward, reward is destined to come after the hard work.

    You and me are the most vital person in the whole world, our product is the only input to our superiors which in

    turn is the only input for the reward we are looking for. And if you worry about corruption, then I can say, if the

    seed sown is pure, then corruption is a parasite and will be eliminated by the whole body.

    Rate this: +18 -5

    Debayan said: (Thu, Sep 19, 2013 12:34:11 AM)

    I beg to disagree with the tag that Indian economy is being given "Old Wine in a New Bottle". I agree with the fact

    that the economy is a new bottle having various new policies being implemented to account for the handling of

    multiple aspects of economy like Retail, Agriculture, Military, Power, Banking etc.

    But the Indian economy is not an old wine. More number of young graduates and engineers are taking up interest

    in economic sector jobs from IITs, NITs to give wise inputs into the sector. Having said all that the GDP of India has

    lowered down from 9.3% to 4.7% in past three years starting from 2010. Precisely the Indian economy abolished

    the policy of License Raj, which involved the intervention of government towards decision making and were able to

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    the policy of License Raj, which involved the intervention of government towards decision making and were able to

    maximize the per-capita income substantially during 1991-96.

    But the current situation is worse than that in terms of per-capita income and GDP. The reason is probably

    because of the fact that 51% FDI allowance in non-branded retail and 100% in branded retail has invoked a huge

    number of policies to be implemented. Numerous such policies have some inherent complications within them

    which are not flexibly interpreted by the authority of a particular section of economy. Hence seek the government

    intervention which bears a combination of capitalist and socialist policies. Such anomaly in interpretation creates

    confusion in the sectors for which the smooth implementation fails to occur. This is only the negative aspect.

    So given the current resources I think that Indian economy is there to grow with increasing FDI if the policies are

    in sync with the concerned demands of the customer with as little intervention of the government as possible.

    Rate this: +10 -2

    Priya Jha said: (Thu, Sep 12, 2013 05:07:38 PM)

    Indian economy is not in so bad condition, we as public have to do so much of thing like unemployable: jobs are

    there but right people is not there who can sit on the chair. Its not always government who is responsible for the

    condition. Of course public is also having some demerits.

    Rate this: +16 -3

    Apple said: (Wed, Sep 11, 2013 11:21:04 AM)

    Hi friends. In my point of view Indian economy is bad, Because INDIAN peoples studied well but they went outside

    countries for earn money. If they live here they will use their skills and improve the economy of INDIA. In INDIA so

    many talented peoples was there but they exhibit a great talent in foreign countries, if they did like that foreign

    countries were improved but our country was not developed.

    And also in Indian education mostly preferred for categories. So many talented peoples are not going to higher

    studies and also not getting seats in good colleges.

    Politicians are not help for poor peoples, they are helped only rich peoples. They will do in this way rich peoples

    are becoming rich. Poor peoples are not developed.

    So I concluded peoples once think about it what you are, what you want, what you have to do as a INDIAN.

    Rate this: +20 -8

    Mohankumar said: (Tue, Sep 3, 2013 04:43:43 PM)

    Hi all, the topic Indian economy is old wine in new bottle, is to me is partially correct & partially wrong. Because,

    every view shows the way of seeing it. If I am not mistaken, those who are participating in this discussion are

    mostly belonged to young age & middle class. (Of course, I also. Because the worst affected layer is middle

    class&rich due to inflation, poor people are benefiting from the high inflationary situation. Nobody would talk about

    middle class & rich). And are frustrated due to very less employment opportunities& high costly Education system.

    The reason & solution you people are (some) suggesting & obviously eager to implement are impracticable & don't

    suit Indian conditions. Guys. I request you all that, don't blame the system or GOI schemes simply because, it

    didn't yield any fruits for you. Obviously, we are all part of the system & I believe that every one of us is directly

    responsible to the current scenarios, whether it is economical, political, , cultural. We must not exclude ourselves

    from this very system. (one eg. I would like to give you here. We all know the value of water, yet we used to

    preach the value of it, but when comes to our home, we don't utilize it judiciously.

    So for the shortage of water supply, we blame local govt forgetting our role of importance as a responsible citizen

    of India) of course it's a necessary situation, if you follow some global countries you can understand why I am

    saying this. I am saying these because, there is a linkage between all the present scenarios. Now, let us come to

    the topic, , economic situation has worsened in the recent times. When comes to the reasons & solutions, I

    understand that, no principle or theory is absolutely useful in India. Please remember, India is a pluralistic country.

    Moreover it is secular, vast. So, , India can't initiative any reforms regarding issues, because of its geopolitical

    position, diverse conditions in every aspect. So balanced, flexible solutions would certainly do workout. I

    understand that GOI is doing well, but its not in its control, yes. Only one area which the govt should consider,

    they are implementing wonderful schemes but neglecting community involvement. If any scheme's success not in

    implementation only, if it yield fruitful results, then it should have been there available for you all the time. GOI

    implement schemes only to a certain period of time, forgetting its future consequences. Corruption at the

    administrative level is also a big drawback to the effective implementation.

    To avoid all these & success, community involvement is very much required. Every citizen of India should

    understand the responsibilities & act for the sake of big India. So please suggest implementable solutions. As for

    as politics & politicians are concerned, Indian people are sole responsible as they need to vote eligible persons. So

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    the ball is in our boundary, We should act wisely. Quality Education will solve almost all problems of India. For now,

    there are no easy answers for current economic situation of India, as wide range of policies are need tobe follow

    regarding high fiscal deficit, high CAD, high inflation, Rupee depreciation, high interest rates, drop in investments,

    &power sector crisis. If we suggest & implement one solution, it should also work in the long term, otherwise, it

    will deteriorate Theocritus. I do not think, the GOI has too many options regarding current Indian financial crisis.

    Short term goals are tend to pose another challenge one after another.

    I am sure government is ready for the challenge & find solutions, the situation will calm down within 1-2yrs. So

    guys let us all wait & contribute ourselves to it without hesitation. I accept one of my suggested to use the

    abundant& highly energetic Indian human resources. We urge the government to do so. Thank you.

    Rate this: +15 -10

    Shridhar S Mirajakar said: (Fri, Aug 30, 2013 01:03:34 PM)

    Now in India, Thuglak rules following by our politicians because:

    1]. (in karnataka) rice is selling to poor people at Rs.1 per kg. From this, people will not think about their livelihood.

    They will not work efficiently.

    2]. Not necessary to announcing the act of food safety act in this situation.

    3]. Reducing the foreign trade and develop the rural factory products.

    4]. Peoples have to keep their petroleum based vehicles in their home and use cycles for work.

    Rate this: +10 -7

    Kamal said: (Fri, Aug 30, 2013 07:33:45 AM)

    After reading the views of all the people I am surprised that so many people are really interested to improve our

    country. Because myself busy in my working thinking about myself.

    We really need to do something to bring the situation in good condition. But who will start. We even don't know

    What is to be done? Who will do it? How To do It? When is to be done?

    We don't have any plans or answers to this above questions. Rich people are becoming rich. Poor people are not

    willing to be rich in-spite of so many government facilities given to them. Nobody wants to do agriculture. Middle

    class people are busy in solving and fulfilling their basic needs of family. Politicians are enjoying their life by

    dumping the money in their Swiss bank Accounts. Only best place to work in India is enter the politics. If we just

    recover the black money from the politicians or if these people pay the tax on the money earned in scandals our

    economy will grow like any thing.

    In Budget govt announces.

    1. 20000 crores for road developments.

    2. 25000 crores for education system.

    3. 20000 crores for women development.

    But in the above mentioned amounts only 20% percent is used for development. Rest all the money is in Swiss

    bank accounts. This is the situation of our country.

    It is the duty of every citizen to ask questions to our govt regarding this scandals.

    Rate this: +48 -6

    Romesh said: (Wed, Aug 28, 2013 12:08:26 PM)

    My friends you all are right, however I would like to share an example here - If you see the economic status - The

    Indian currency has plunged a little over 13 percent so far in the month of August alone to mark its worst monthly

    fall since the year 1993.

    This great fall was seen due to some decisions taken in parliament in last 2-3 days. Those decisions are just going

    to profit the people who are marked at lower class or we can say people living in rural areas or the poor people.

    However, the actual public who can stabilize the conditions are not being assured for their health and wealth.

    When our current government took over the positions, they were expected to bring growth and which they

    brought, however their strategies were different, still I think it was correct to some extent as we saw a great

    foreign investment in India. However, overall what we saw is development of literate people, people who are

    aware of economic conditions and who can predict the future values.

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    Since investors are looking ahead for their profits and also towards the stability of INR, the government Has been

    unable to assure the investors for their future profits. The reason why I mentioned this is, the Indian economy

    now depends on the foreign investment and not on domestic investors as they have never been profited as per

    their expectations.

    Indian economy can only be stabilized if investors invest in India, may it be foreign or domestic. And this can only

    be done when correct decisions are taken by government To ensure people investing in India are being profited.

    Rate this: +6 -1

    Madhu said: (Wed, Aug 21, 2013 12:50:13 AM)

    Hi.

    I agree with all of you but as my point of view we can't blame on other peoples. We'll have to change ourself as a

    part of our country for the improvement of our country. I think Indian economy is a old wine in a new bottle. We

    are the young generation & we have to take initiatives. It's time for youngers Thank you.

    Rate this: +6 -7

    Sefal Khan said: (Tue, Aug 20, 2013 11:05:03 AM)

    I am agree with everyone's point of view about this topic. But, according to my point of view, the awareness one

    should have for a nation is infinitesimal now a days. Whole world is obsessed with one word and that is called

    myself. When it is comes to country, everyone should contemplating about nation as devotee not as a common.

    Yes, I do believe that India is having many problem like higher-education, infrastructure, politics, etc. Conquering

    this problem is not a big nut to crack.

    Solution belies under two words and is conscience and patriotism. Both will mitigate the effect of bad education,

    craftiness, bad politics.

    Rate this: +2 -5

    Malvika Singh said: (Sun, Aug 18, 2013 09:02:16 PM)

    As per my opinion the most important thing to correct our Economy is to correct politics. But this is not the only

    way to change the position of our economy, we should also take some steps by ourselves to correct it, like to use

    the products of purely Indian companies (for this we need not to change our lifestyle but just shift them, like use

    dabur red toothpaste or miswak instead of colgate etc. ).

    Rate this: +19 -1

    Ajay said: (Tue, Aug 13, 2013 03:56:54 PM)

    This is Ajay. Surely Indian economy follows the title of the discussion. To be very true India has great potentials

    but the real problem or misfortune of India is that its potentials are not being utilized the way they should be. One

    live example of it is the reservation in education system as well as in giving of jobs at bureaucratic levels.

    The students who are more meritorious and talented and score more marks compared to reservation category

    students, don't get preference even when they have scored well. In short selection must be on merit basis and

    not on the cat/creed basis i.e. resource personnel must be selected irrespective of their casts. Only then the real

    potential of India would be used and the above said title about India would abolish.

    Rate this: +58 -24

    Shilpa Bhat said: (Mon, Aug 5, 2013 08:03:54 PM)

    Hello everyone. I would like to share a few words about Indian economy and why its still lacking behind in

    achieving successful economy. I agree with many who have shared their views here that its mainly because

    inefficient utilization of the resources which we are gifted with.

    We are unaware of human resource which we have and its a main strength of the country and its not directed

    properly. Good quality education is must to create awareness of all these and lead the nation in right way.

    Agriculture is the backbone of our country it has to be improved using the modern technology. But our govt are

    giving minor priority to the agriculture sector. Mainly the politicians who rule the nation are corrupted and only

    running behind the money.

    So we, the youths who are the present and future of our country has to think seriously about this have to educate

    our neighbors relatives each n everyone regarding the economic crisis we have been facing. We have the right to

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    our neighbors relatives each n everyone regarding the economic crisis we have been facing. We have the right to

    elect the good leader who can lead us in good direction and develop our nation in right way.

    Rate this: +27 -3

    Mustafa I said: (Mon, Aug 5, 2013 12:38:39 PM)

    When we talk about Economy we talk about growth of India, when we talk of growth of India it depends on

    growth of its citizens.

    Growth of citizens to me is quality of life of its citizens.

    Do you think we have the right quality of life and for all, no ways.

    We are not even well nourished, our malnutrition levels are even worse than some of the underdeveloped

    countries.

    India has abundant of resources, talent but its not being resourced.

    Yes the governing bodies are responsible for this and the corporates, but at the end we people of India are too

    responsible, sometimes we are helpless, there is a corrupt system developed around us and even if we try to fight

    it, its not that easy, and we fall prey to it, we need a revolution against corruption for better India.

    Like the one tried by Anna, more people need to line up for this and with more rigour. Thats the only way out for a

    better future for India.

    Rate this: +13 -1

    Debajit Banerjee said: (Fri, Aug 2, 2013 12:17:11 PM)

    I think Present Economy is changed than previous. It is more advanced today, but as per comparison with High

    Economical country, then we realize that we are not progressed, we are in the same possession. We have a great

    problem in our economy that our economy are open, so there are scope for our opposition country to take over

    charges of our many sectors. Which gives a masterstroke in favor of them in future. So we really need to

    modification our economy not from very latest version.

    Rate this: +9 -1

    Sirisha said: (Sat, Jul 20, 2013 06:07:18 PM)

    Our discussion is about India economy is old wine in new bottle. This is absolutely correct because of the reason

    uneducated and less thinking power people entered into the politics. Number of scientists and great persons born

    on our country but they thoughts and mind power buying on other countries because our country does not provide

    any sources to prove their abilities. These reasons India is developing country and other countries are developed

    countries. Finally I conclude that people choose correct politician.

    Rate this: +34 -5

    Vasu said: (Wed, Jul 17, 2013 07:28:13 PM)

    It is the same old history which is getting to repeat in India. Three centuries back we were made slaves only

    because we were not economically stable, and yes even now we are economically backward when compared to

    most of the developing and developed countries. We have become the slaves to the US economically.

    Rate this: +8 -0

    Abhay Kumar said: (Fri, Jul 12, 2013 11:45:59 PM)

    Indian economy is certainly going at a great pace, we are ahead in many sectors of economy, our infrastructure,

    our agriculture, our education system and many other streams of development growth Syntex are far far

    progressive in comparison to other countries economy, we are second to none.

    Rate this: +2 -34

    Aditya Vikram Singh said: (Thu, Jul 11, 2013 09:34:26 PM)

    Indian economy fully depends on the decision taken by the top management of the government body in reference

    to the availability of resources.

    The problem why we are not able to achieve what is to be required is the use of human resource at the right

    place.

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    place.

    * Person involve in all type of criminal activity is designated as CM of the state (for all 28 states).

    * Person who don't know anything about the agriculture is designated as Agriculture minister along with sports

    minister and many more sector.

    * Person who is brilliant in finance and economy is playing a different role in country future.

    This is just One reason which is happening in every sector and industry.

    ''Putting the right talent at the right and required place will definitely give boost to Indian economy''.

    Rate this: +61 -5

    Owais Ansari said: (Sun, Jul 7, 2013 10:43:59 PM)

    Hello As an Indian even I wish to contribute my thoughts, All we do is just blame each other, even I Do sometimes.

    But only what can make a difference is we have to stood up, we have speak up we should fight for our Rights,

    Global Awaking all over the world don't judge anyone, stand for right but before that be a right person, if you are

    finding for guilty you have to look into a Mirror.

    Rate this: +13 -14

    Sreeram said: (Sat, Jul 6, 2013 08:10:17 PM)

    Indian economy is tremendously falling thanks to the corrupt government, lately I read an article which laid an

    emphasis to what extent can our ministers be corrupted, a bunch of sack with food items which was supposed to

    go to the needy people of Uttarakhand was recovered from a minister's car. Well I am an NRI working abroad, I

    have tried several times to move back to India but unfortunately the people in there are not offering jobs based

    on merit, but they are offering jobs based on cast and contacts. If these crooked practice could be clubbed or

    abolished I am certain we would see our nation changing dramatically.

    Rate this: +17 -6

    Balaji Kj said: (Thu, Jun 20, 2013 06:29:13 PM)

    Hi All,

    My name is Balaji. I want to express my thoughts about Indian economy.

    Personal guts is, though you all suggesting to prove Indian economy in Many ways, these all are depends on how

    an individual is responsible?

    I strongly believe on individual responsibility. Every Indian Citizen should think about it. If an individual perfect, the

    country where he belongs to will automatically improve.

    Rate this: +8 -24

    Mritunjay Kumar said: (Mon, Apr 1, 2013 09:15:02 PM)

    Hi,

    Today I'm speaking on the topic INDIAN ECONOMY AS THE OLD WINE IN NEW BOTTLE, I disagree with this

    statement. Indian economy is the new wine in the old bottle. The whole outline is old but the inner beauty is new,

    it's different from the ancient wine. Since 1991, liberalization, urbanization, globalization, has changed the Indian

    economy.

    Our economy is moving for better achievement. After independence Indian economy has raised its flag of success.

    The educated or literate people of India who are in now foreign countries should come in their country. Many

    Indians are working in other countries. They are working their for the development of that country. They are

    helping in to improve their economic conditions. But those Indian people who in other countries should come in

    their countries. They should come in India. It will help us to improve our economic conditions.

    We are seeing that by 1991 the Indian public sector and the private sector are booming in all over the world.

    These sectors are providing employment to the unemployed person but willing to do work. By this the economic

    condition is becoming better. Our country's GDP rate has been increasing. The literacy level of our country is also

    increasing.

    In the past years on our country only agriculture was in more use but now the manufacturing and service sector is

    in demand and making more profits. People have their talent and willingness to do work. Some new and intelligent

    politicians are in our country who visiting in the every state of our country and trying to the economic condition of

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    politicians are in our country who visiting in the every state of our country and trying to the economic condition of

    every state.

    Therefore, I want to suggest that try to encourage our youngster by which they come forward help to change the

    wine very costly, so that nobody can destroy it!

    Rate this: +38 -13

    Sant said: (Tue, Mar 19, 2013 05:04:30 PM)

    Hi friends,

    Indian economy not depend on politics but politician depend on economics. In present time, if we want to

    corruption free India and growth of Indian economy, its a time for young and Dynamic peoples to come into

    Politics.

    Rate this: +88 -15

    Anuj Agarwal said: (Fri, Mar 15, 2013 12:24:49 PM)

    The essence of the topic is do our economy stands at the same position from where it started only the time being

    new. This phrase can be relevant in the sense that still the people are poor, still distribution of income is not even.

    But I think though the basic problem of Indian economy remains the same but the economy itself has changed a

    lot. If we compare today's GDP with what it was 50 years back, there is massive difference.

    Today it is one of the second fastest growing economy in the world. Before we had this problem but our economy

    did not had resource. Today our economy has the resource but not the proper men who should distribute the

    resource. India's black money deposit in Swiss bank is expected to be 13 times its current total borrowing. So

    what we can see is economy is not the same but the problem remains the same because of emergence of new

    kind of religion called 'CORRUPTION'.

    Rate this: +27 -1

    Amas said: (Sun, Mar 10, 2013 04:46:22 PM)

    Hi guys,

    First of I will say that a good phrase is use for present politics condition.

    This is suitable tag for present. I think that corruption is continuously run from a long time before and every talks

    about it.

    But they all forget there rolls in empowering of this bane.

    Today's new generation participate in politics but when new wine (new generation) shows that there is no

    standing position of them in front of old wine than do not try to stand against of old wine.

    New wine get mix in the taste of old wine and become old wine.

    So here we can say that the bottles are new but wine is still old, my dear.

    That's all.

    Rate this: +15 -6

    Sudhir Hansda said: (Tue, Mar 5, 2013 12:32:00 AM)

    Indian economy is a big economy and this economy is going down instead of growth. Blaming The Indian minister

    for this is not good because we are also responsible for it. Instead of Blaming On other if we do our job with full

    attention for the nation then Indian economy will map on it way. If we educate the people of rural areas as well as

    the urban area to give at least 20% time for nation. Then it may enhanced. Thank you.

    Rate this: +15 -4

    Irish said: (Sun, Feb 10, 2013 11:15:50 PM)

    India is a rich country really if we use our resources in proper way. The next thing is to educate people for which

    we can decrease our population which is a great issue in today. If more and more people will be educated then

    they would become more responsible for our country and know their rights for which they can also help to

    decrease the level of corruption. Not to export our resources to foreign countries. To provide job opportunity to

    people. For which people became more self dependent. If we take an example of china in that country the people

    give their 80% time to themselves and 20% time for their country but in India people give all their 100% time for

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    give their 80% time to themselves and 20% time for their country but in India people give all their 100% time for

    themselves. For which we would not think about our country and its development at all. So we should think about

    our country their people as a whole. Thank you.

    Rate this: +14 -3

    Irish said: (Sun, Feb 10, 2013 11:04:55 PM)

    I think we should not blame others for the poverty that growing day to day and also the worst political leaders

    way of guiding which leads to corruption. We should 1st aware about what will be the right way to drive the

    economic and political ethics. The 1st thing is to promote the educational facility in rural areas for which they would

    also able to understand their rights as well as duties. Then 2nd our country has lot of valuable resource which our

    country always used to export to the foreign countries and other countries use our resources to become more

    powerful economically. So we should not export these valuable resources which our country has. Each n every

    person should aware about his/her duties, responsibility as well as rights for which they will come forward to help

    others and our country as a whole. So its not to blame others if we are doing so not tried to capable ourselves for

    our duties then our country can't be developed. So 1st thing is to develop ourselves n dedicated towards our

    duties for our country. And by which we can decrease the level of corruption in our country. And can have foreign

    black money back to our country. Thank you.

    Rate this: +12 -4

    Priya said: (Sun, Nov 25, 2012 11:18:57 AM)

    India is a democratic country so each development and losses are also related with people. If we are dealing with

    Indian economy how could we blame the leaders only we people are equal part of this. Corruption is not but only

    done by them but we are also doing. In present time many youth are selected as our leader so basically it is right

    to say old wine in new bottle.

    Rate this: +26 -20

    Mr. Nayak said: (Sat, Nov 24, 2012 05:46:09 PM)

    Well,

    I appreciate all of your point but I also want to share my thought. Indian economy is now at good position and our

    economist, finance minister and RBI governor always trying to boost the economy and they also implementing their

    plan to make India as a well running economic country.

    But, the corrupt politician and we people are not performing our work in a efficient manner and our education,

    technology, infrastructure and agriculture all should need to develop. Thank you.

    Rate this: +13 -7

    Ruchita said: (Tue, Oct 23, 2012 10:53:04 PM)

    Good morning everyone the topic today given to us is Indian Economy Old Wine in New Bottle and according to me

    Indian economy is one of the biggest economy of the world we are having a huge amount of possibilities but every

    one is not aware of it, the biggest problem of our country is our peoples we always have excuses or we always

    blame others never tried to see our self what we are doing we are the young generation and we are the pillars of

    our country so instead of blames others or our economy we have to take initiatives. As we all knows old is gold so

    its totally depends on us how we start to grasp new technology, opportunities from the market by having our old

    economy.

    Rate this: +35 -10

    Mahendra said: (Tue, Sep 4, 2012 10:16:54 AM)

    Hi freinds, according to me India is growing economically well, but what is hepening that we pepole are not doing

    our own job in good manner i.e. self responsibility. Beside blaming to other just see inside how much we are

    shouldering our resposiblity, everybody running behind the money. Rationialisation on growth no body is giving

    attention. If we stop black marketing, give proper eductation to the villagers to know about their right. Stop export

    items which more in demands in our country import essential commodity.

    Rate this: +40 -12

    Dfdfdf said: (Thu, Aug 30, 2012 01:54:11 AM)

    Indian economy is going bad day by day because leaders not doing their job and they became corrupted.

    Exploitation of poor people is still going which tells about how much we are strong. The present scenerio tells we

    are going down and down since there are so many scam happenrd in India like coalgate, 2g, nhrm scam. Our

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    are going down and down since there are so many scam happenrd in India like coalgate, 2g, nhrm scam. Our

    leaders became bankrupter.

    Rate this: +24 -3

    Arka Majumdar said: (Fri, Aug 24, 2012 02:17:54 PM)

    India's economy has suffered mainly for our political leaders, they are worstly corrupted and did'nt join the politics

    to help our nation but for them. They can not make firm decisions to improve our economy rather they prefer babri

    masjid, godhra or recent assam-mumbai riots. All parties have their strong vision in this sector not in economy. We

    don't have the strength to hold all the nation in one stand. We are divided and polarised and therefore not stable.

    For good economy we need a very good social understanding and devotion. We only see our profit not as a whole

    nation or people. If we overcome this then only India can become a real healthy superpower in economy.

    Otherwise it will also grow but not as a whole country but for certain people. Commons will be where they are.

    Rate this: +28 -5

    Ganga said: (Tue, Aug 21, 2012 10:08:05 PM)

    In my openion Indian economic rules and regulations are absolutely right. There is a problem in implementing the

    rules. Recording to this I agree old wine in new bottle. Yes old government policies are re implementing. . When

    ever our politetions change their mind sets then only our India become developed country.

    Rate this: +9 -17

    Kartikey said: (Sun, Jul 29, 2012 09:35:44 AM)

    Good morning everyone,

    According to me, Indian economy is still in the condition of OLD WINE IN NEW BOTTLE. To those who said

    differently, No disrespect I instead appreciate your point but the above is just my point of view. India is still

    operating at a slow pace, using the old methods, techniques, habits, policies, processes, etc. If compared with the

    time.

    We are in 2012 and still if you want a tatkal railway ticket, you would have to stay awake and stand in line for

    hours to get a conform ticket. Instead of guarding your position in the Que for the whole night, there could be

    ensuring electronic entry of data at every railway station.

    Not just the policies but also the people planning them and the people executing them are, well more of OLD WINE

    compared to the NEW BOTTLE of 2012.

    I am not saying that new population should be the in-charge but the contribution should increase from current

    levels. OLD WINE tastes of experience, NEW WINE has innovative and fresh taste. To avoid economical disasters

    and cause riotous growth both are necessary. The economy and the lives of people of a country should be

    developing and evolving continuously.

    The governing body should have experience and new way of thinking both, a combination of old wine and new

    wine to get the best of the two.

    India is evolving, but at a very slow pace w.r.t. The rocket-speed developments and changes around the world. It

    is time increasingly new methods are planned and corrected and implemented with old experience. It is time to

    make INDIAN ECONOMY the APPROPRIATE MIX of OLD AND NEW WINE in the NEW BOTTLE.

    Rate this: +132 -13

    Pooja Singh said: (Sun, Jun 10, 2012 01:41:32 AM)

    I agree with you all of my friend but in my point of view you can't blame only the politians or N. Are. I's because

    India is democratic country and we choose our government. And no government is free from corruption. My friend

    we all known the problem of our economy faces but we have to sugges some ideas to overcome the prblems of

    our faces. I think government have to take reasonable steps to make our economy strong no doubt India is a big

    country and its a developing country so we have opportunity and have platform to perform so why people go

    aboard for studies and work because somewhere our country fails to provide the higher education and platform to

    perform. Why the people of India work for another country because they get more salary and everyone wants to

    make money.

    So I think government have to take some steps to overcome the problems. Its not about old wine or new wine its

    about the wine should be pure. In our present economy we have many opportunities but we have to aware and

    grabe our chance. New economy like our technogy, infrastructure, urbanisation, globalisation taking place we have

    many opportunity so from my point of view its a new wine in old bottle.

    Rate this: +141 -16

    India Economy

    Economy News

    MBA in India

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    Anand Kartik said: (Wed, May 30, 2012 10:58:25 AM)

    Old is gold rightly said by someone indeed this stands fr Indian economy. We may not be developed when

    compared to European nation but firm base of our economy makes a nation which can withstand global crisis. Our

    banking policies are firm. When global economy was under crisis India maintained its development steadily.

    Rate this: +16 -4

    Djoygaurav said: (Sat, May 5, 2012 12:06:56 AM)

    I guess being a large populated country like India it has many roles to play specially in the field of economy. And

    where there is corruption at its peak its very important to survive even and see the country is flourishing very well

    overcoming all d negative aspects plus the mischief mongers in politics. Country where people are obsessed with

    efficiency of every thing, the title to the economy-old wine in new bottle suits well. :).

    Rate this: +8 -7

    Shubham Bhattacharya said: (Fri, Apr 27, 2012 11:30:48 AM)

    As far as I think India has opted the right formula for survival as well as growth. Keeping a firm base by utilizing

    capitalist form of economy is its economic goal. The capitalist form of economy has its pros and cons. So isn't it

    better to use it to the right extent? Even there was an economic breakdown at america which is a hardcore

    capitalist nation. India survives as well as grows at the same time. Might be the growth rate is slow. But

    sustainability is also a very important factor. Especially where a huge populated nation like India is concerned. So

    keeping in mind the present and the near future for me India is "Old Wine in a new bottle". Rightly!

    Rate this: +4 -9

    Harshal said: (Thu, Apr 12, 2012 01:36:17 PM)

    As I want add some more points here, I am also disagree with New Wine in Old Bottle. After 1991 we changed our

    mindset from closed economy to open economy. All sectors which are coming in economy (Export-import, banking

    sectors, mutual funds, share market, etc. ) increasing vigorously. Before this we were not allowed to do business

    with any country independently because we are not able to provide that much stability to our country, but now

    condition is changed. We improved our agriculture sector in some areas, people get aware of new schemes of

    baking & investment, we are increasing our products which are used for exporting & which give maximum foreign

    exchange, we are a part of BRICS, SAARC groups. So this noted as we are on write path not on old one. So finally

    I want say that there are some things which are interrupting this, but every system is not a perfect one. Slowly it

    recovers from all such stuffs.

    Rate this: +18 -15

    Harshal said: (Thu, Apr 12, 2012 11:11:36 AM)

    As I want add some more points here, I am also disagree with New Wine in Old Bottle. After 1991 we changed our

    mindset from closed economy to open economy. All sectors which are coming in economy (Export-import, banking

    sectors, mutual funds, share market, etc. ) increasing vigorously. Before this we were not allowed to do business

    with any country independently because we are not able to provide that much stability to our country, but now

    condition is changed. We improved our agriculture sector in some areas, people get aware of new schemes of

    baking & investment, we are increasing our products which are used for exporting & which give maximum foreign

    exchange, we are a part of BRICS, SAARC groups. So this noted as we are on write path not on old one. So finally

    I want say that there are some things which are interrupting this, but every system is not a perfect one. Slowly it

    recovers from all such stuffs.

    Rate this: +12 -10

    Unnati said: (Mon, Apr 9, 2012 12:54:55 PM)

    Our economy is actually in a transition stage. We are progressing but it will take time to be called a developed

    economy. Politicians are now aware that the old thinking style will not work now. They will have to find new ways

    to tackle the complex problems of our developing economy. We have the 2nd largest population in the world and it

    is not easy to meet everyone's requirements but we have made significant progress in the past couple of years

    and can still continue to do the same. I feel we are no longer an old wine in old bottle but rather new wine in new

    bottle.

    Rate this: +23 -6

    Kaustubh U said: (Mon, Apr 2, 2012 05:10:30 PM)

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    How many remember the name of 'ARCHARYA CHANAKYA'? The great Indian Economist. His thought are known as

    'CHANAKYANITI'. I am telling this because the topic directly get related to 'CHANAKYANITI'.

    -Chankya was responsible for the thought process of SINGLE NATION in the era of different kingdoms within the

    boundary of India. Chanakya talked about the dirty politics and the remedies to handle it.

    -He pin pointed the importance of teacher in building the one nation.

    -He was only the person who actually finishes the rule of 'KING DHANANAD', the most corrupted king of MHAGADH

    kingdom, without having a battle with him.

    -He was the person who united all kingdoms when ALEXANDER the great attacked from north. Under his guidance

    only kingdoms like PANCHALI, NEPAL Naresh etc. Which were on boundaries got united against ALEXANDER though

    they were rivals of each other.

    -Chankya gave a lessons to his student about their responsibilities toward the nation.

    -He told the importance of Agriculture and Trading between kingdom.

    ---- Now tell me all my dear friends is this a complete match of Indian Economy? which includes.

    1. United INDIA in different states.

    2. Trading and agriculture within country and outside too.

    3. Corruption in politicians, As remedy and chance of correction, Election that is to be held after every 5 years.

    4. Importance of Education as a backbone of Indian Economy.

    These are the main pillars of Indian Economy. Smoothness in this in addition of the aspects of globalization and

    international economy is nothing but today's economy.

    The same case with wine also, IT IS NOT ABOUT THE FAKE WINE OR SOMETHING, older wine is amazing at its

    taste, smell and its fully fermented ingredients.

    SO YES INDIAN ECONOMY IS OLD WINE IN NEW BOTTLE.

    Rate this: +67 -12

    Neville Sam said: (Mon, Feb 27, 2012 10:41:41 AM)

    Speaking about Indian economy, whether its old wine in new bottle or new wine in old bottle.... Many of us are

    unaware about the major parameters that determine the foundation of Indian economy. Let me just list out the

    few parameters which forms the basics of Indian economy.

    1. Education - This is the top priority of India right now. Because, everybody knows, India is second largest

    populated country in the world. Population one of our strengths should be directed in the right way to achieve

    maximum efficiency. Therefore, to move this population in the right track, EDUCATION is MUST.

    2. Electricity - This is the basic critieria to run any industry. At present there is a huge gap of supply and demand in

    electricity. The economy of India mainly depends on Industries and their growth. To improve the industrial

    efficiency, ELECTRICITY is MUST.

    3. Infrastructure - This is another important criteria when we speak about Indian economy. If you see other

    developed nations, their infrastructure is way ahead if you compare it in India. Therefore, we must lay our

    concentration in infrastructure if you want India to be a developed nation. Therefore INFRASTRUCTURE is MUST

    4.Governing body - As we all know, we must have a good administration to have a good control over all the rules

    and regulations prevailing in India. The rules need to be more stringent and all corrupts should be punished. Here

    there is a lot of scope to be improved. Therefore GOVERNING BODY is MUST

    5.Agriculture - Basically India is a Agricultural country. But now agriculture is under prioritized and all the

    agricultural lands are turning out to be commercial lands. This trend must change. All our newly invented

    technologies should be used to bring agricultual reforms. Therefore AGRICULTURE is MUST

    6.Resources must be routed properly - India is still having a lot of resources to be utilized and it must be properly

    routed. For instance electricity is wasted in many ways like electricity thefts, subsidy for electricity for farmers.

    These things can not be done when there is a scarcity of electricity. Therefore all the resources must be routed

    properly.

    All these are a few parameters that all Indians must know who wants India do be a developed nation. Even

    though we all say "OLD WINE IN A NEW BOTTLE", many of us doesnt even know about the old wine. So please

    read it and spread it and let us create an awareness in the mindset of people and lets make India a developed

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    nation soon.........

    Rate this: +125 -10

    Ankit Bhawalkar said: (Fri, Feb 17, 2012 12:35:29 AM)

    Hi friends,

    The topic of our discussion is "Indian Economy: Old Wine In New Bottle". In my opinion, the "old wine" here refers

    to the traditional economy of our country and all the older methods by which people harnessed the natural

    resources for earning their livelihood. And the "New Bottle" here refers to the latest infrastructure and new

    technologies on which our economy prospers.

    For example, in ancient India people used to borrow money from SAHUKAARs at some interest rate to fulfil their

    emergency needs. But now this facility is provided by various banks in our country in a more advanced and hi-tech

    way. Our country was an agriculture based country and now also agriculture comes under priority sector of our

    economy and farmers are the backbone of Indian economy. That's why govt. has been providing various facilities

    at subsidised rates to our farmers.

    In ancient India, people used to burn woods to get heat and light. But now this wood is used in thermal power

    plants for generation of electricity which gives us light and heat.

    So, through these examples, I want to say that with judicious use of our resources, keeping agriculture always at

    the top of our priority list and by erasing the problem of corruption, our Indian economy will grow manyfold in this

    "new bottle".

    Thank You!!

    Rate this: +90 -6

    Sofi said: (Wed, Feb 8, 2012 04:01:06 PM)

    Friends, Our govt want to put strict rules, then every one want to follow that rules. Who all are not following that

    rules, govt want to give big punishment. So that corruption will reduce in our country. When the corruption start to

    reduce, country it will grow as much as fast. No doubt in that.

    Rate this: +6 -13

    Kamini Kumari said: (Mon, Jan 16, 2012 12:11:56 AM)

    I would say yes that older wine taste much better than the new one. Old politicians should be there as they have

    more experinced than the youngster and at the same time youngster should also be given chance to be in politics

    for there fresh and new ideas. And all those who go abroad for higher packages, salary or education should study

    in India. And one most important thing is only those persons who go abroad for there job and pay taxes there are

    not the only persons whose paying will be helpful for the govt here in India there are lots more people who keep

    black money and they don't pay taxes even so that should be corrected first.

    Rate this: +7 -23

    Saurabh Agarwal said: (Thu, Jan 12, 2012 10:52:24 PM)

    Ya this is right, Indian economy is old wine in new bottle, but if we thought abought it, why this is happening than,

    only we are responsible for this because we don't want to change ourself and repeat our daily rutine, we don't

    think about something new.

    Rate this: +18 -10

    Ishu said: (Sat, Dec 31, 2011 06:12:19 PM)

    Well India economy is new wine in old bottle thanks to our prime minister monmohan singh. Then the finance

    minister of India in 1991 which brings the economy reforms which changes all. Before 1991 the agriculture

    contributes 75% to the countries GDP and services sector contributes 15% but now services sector contributes 75

    and agriculture contributes 15%. Nowdays there is huge inflow cash from fII and FDI all major firms are to our

    market (india) such as wall mart because India economy is new wine in old bottle not old wine in new bottle.

    Rate this: +34 -8

    Shivangee Pandya said: (Wed, Dec 28, 2011 11:37:51 AM)

    Certainly agreed with everybody, the graph of Indian economy is incresing day by day. Politician who had good

    past record they should be given chance. Otherwise some faces should come come forward who think they can

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    past record they should be given chance. Otherwise some faces should come come forward who think they can

    serve the country in better way, who can really built corruption free India.

    Rate this: +6 -3

    Shweta said: (Sun, Dec 18, 2011 06:04:29 PM)

    If the matter is about brining the young one's in the politics, I dnt thnk sooo will be a perfect or even good solution

    to the problms exsisting. Neither do I thnk the youngstor doin good job being politicians. Most of the youth who

    are in politics belong to families of political background. And instead worrying problems of country, thy are busy in

    promoting there there parents. Where as the old wine (anna hazare) is seeming a headache for the corrupted

    one's. And that to adopting the means of gandhiji. So it is good to let the wine be in old bottle. Thn only it will

    show its effect.

    Rate this: +4 -9

    Kashif Khan (Sheenu) said: (Tue, Nov 8, 2011 07:26:31 AM)

    If we want to improve of economic condition nd making growth. Then we should apply two things. At first we

    should give our cotribution to stop the corruption and request to the youngster who are going abroad to earn the

    money and they are giving their valueable tax to other contries in terms of doller and other economy where they

    are working. By using this money other countries are making strong their economy. If the youngsters will stay here

    and will give their tax to the country then our country's economic status will be improve and we should not also

    forget about our man power. By using those techniques our country will growth very rapidly and will successful

    country. Because the density of water depend upon the particles, if our particles like youngesters will go abroad

    then our country's density will decrease. So we should not go abroad nd contribute in growth of our country.

    Rate this: +22 -8

    Pooja said: (Thu, Nov 3, 2011 04:37:04 PM)

    Don't limit investing to the financial world. Invest something of country purpose, and our country will be richly

    rewarded as developed one..you all were repeating the thing politics is main cause but u should remember that

    politicians are not from other countries so young rocking stars concentarte on politics and become a good politicain

    and change the rules..

    Rate this: +14 -4

    Pooja said: (Thu, Nov 3, 2011 04:28:01 PM)

    It may be savy it sector of india is not so good but there in us it may be good because of the working rockstars r

    indians..u knw one thing 40 percent reduction in the number of students going abroad in the last two years..u can

    imagine how many rocking stars are leaving india..if they were work for india then india will be in the top most

    place..

    Rate this: +4 -6

    Rajkumar said: (Wed, Oct 12, 2011 05:39:38 PM)

    If we see our Indian history we were always strong in our population. More than population the number of eligible

    workforce we have either knowledge industrylike IT or banking or Govt services or in manufacturing take for eg.

    TVS or Ambani or Tatas. We never lagged in our talent or hard workship.

    On the other hand, India is blessed with good amount of minerals like Rice, Wheat, Coffee, Cash crops like

    Cashew, etc. So now we have materials and man.

    We have always banked upon our strengths like our knowledgeable work forces I the recent years esp. From

    1990s. Do not forget Agriculture in the end is a mfg sector which contributed to 65% of our GDP and now it

    contributed to mere 25%. This is good for our economy as well because We are good at services industry now.

    More than 50% GDP is from services. If you compare this with developed nation like USwhere service industry

    contributes to 60% nearly to their GDP. So we are now a right mix of services + mfg. But with little more emphasis

    on mfg we are ready to rock the world. After all do not forget India is one of few countries who were not affected

    by that 2007 recession!

    Rate this: +9 -5

    Savy said: (Thu, Sep 8, 2011 01:55:37 AM)

    Well most of you guyz are blaming the people working abroad even here jobs are available but you should need

    to be aware that yet IT sector of India is not so good, as manufacture of product is almost negligible.

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    to be aware that yet IT sector of India is not so good, as manufacture of product is almost negligible.

    And about the wine. It doesnt matter that the wine is new or old but the thing to be consider is whether the wine

    is real or fake. If it is real then it will for sure tastes good but if it is mixed up with corruption n malicious

    components. Then it may lead to death.

    If the wine tastes good it will definately hike our economy which catches the interest of foreign countries and they

    will make economic & IT sectors which provide jobs based on your area of interest n will pay tax to our country.

    This all need dedication to our nation. Words are just a part of daily life but we need to implement it.

    Rate this: +118 -12

    Sreekanth.P said: (Wed, Aug 24, 2011 01:54:27 PM)

    I agree wit all my friends, but the thing is development of a country not only lies in the hands of politicians but also

    in everyone of us. Even oceans are formed from drops. In each and every field everyone is corrupted,especilly our

    politician are one of the way to this .

    Rate this: +15 -10

    J.Mohammed Ansari said: (Mon, Aug 22, 2011 09:23:39 PM)

    My thought is our economy is improving a lot compare to last few years due to the revolution of it sectors. Our

    ultimate aim for future to achieve the number one position in economy. For achieve that position by improving the

    research and development area in all sectors. Then India attain the number one position soon.

    Rate this: +10 -5

    Sharma said: (Sat, Aug 6, 2011 01:51:19 PM)

    I agree with Jyotsna Yadav because as he said that if our youngesters working for foreign contries means then

    how our economy will develop. Because if they pay tax for other countries means that country's economy will only

    develop. India has man power than the other countries. So why we should work for other countries to increase

    their profit. What I want to conclude means I am asking our youngesters to work in our country to increase the

    economy of our country.

    In the past years on our country only agriculture was in more use but now the manufacturing and service sector is

    in demand and making more profits. People have their talent n wllingness to do work. Some new and intelligent

    politicians are in our country (sachin pailot, Rahul Gandhi n etc) who visiting in the every staste of our country n

    trying to the economic condition of every staste.

    Therefore, I want to suggest that try to encourage our youngesterby which they come forward help to change the

    wine very costly, so that nobody can destroy it!

    Rate this: +19 -7

    Sandeep Kumar A said: (Fri, Aug 5, 2011 11:41:11 PM)

    In my point of view these politicians are the main culprits for this Indian Economy.

    In each and every field everyone is corrupted. This scam that scam like that everyone is saying about that but the

    problem is not solving and that scams. That culprits are in front of us but govt is not bothered about that because

    of the politicians how play a major role in this. Simply this politicians displaying the Budget that we have done this

    work that work but how much quality of work they have done they don't want that they want to show this much of

    budget and swallow remaining.

    By this how the Indian economy can be increased.

    Some of the indians after completing this Graduation. They are interested to study in abroad. They want to stay

    over there earn money over there increase that countries economy.

    Like this our Abdul kalam and our sachin will think like them.

    They are not bothered about that foreign country dollar or pound they are think about their Nation, their mother

    land.

    In each and every field there many competitive exams like this.

    There should me some should be something like this for the young political leaders to enter into politics.

    So, at last my conclusion is study here, stay here, earn here, pay tax here, live here and make a good Nation and

    increase Indian Economy.

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    increase Indian Economy.

    Jai hind!

    Rate this: +10 -12

    Smitanjali Behera said: (Tue, Aug 2, 2011 11:32:34 AM)

    I disagree with the statement because the wine is alwase new that is economy policy are alwase right but how

    many of us are free from corruption. No govt can change this old wine to new wine unless and until we change our

    mind and make us free from corruption. We the younsters hav that power to bring revolution in country.

    Rate this: +18 -4

    Rohan said: (Sun, Jul 17, 2011 04:33:24 PM)

    Indian economy is not an old wine in a new bottle. But its a wine that is slowly and slowly being nurtured and

    developeed to be one of the strongest economy. Liberalization has played a great part in it. The wine as old it is

    the strong it is they say. So as old n old this economy goes. The wine will remain the same with a new designed

    bottle.

    Rate this: +14 -5

    Joy said: (Thu, Jun 16, 2011 11:32:50 AM)

    I agree with Jyotsna Yadav because as he said that if our youngesters working for foreign contries means then

    how our economy will develop. Because if they pay tax for other countries means that country's economy will only

    develop. India has man power than the other countries. So why we should work for other countries to increase

    their profit. What I want to conclude means I am asking our youngesters to work in our country to increase the

    economy of our country.

    Rate this: +14 -9

    Nand Lal Yadav said: (Thu, Jun 16, 2011 09:49:09 AM)

    I strongly feel that we can change whatever we want. It is just matter of time. Very easy to point a figure towards

    the other. However, when it comes to individul we start doing the same. we have to be honest with our own

    responsibility than only we can change we expect from others.

    Rate this: +8 -5

    Jyotsna Yadav said: (Thu, Jun 16, 2011 09:19:40 AM)

    Hi

    Today i m speaking on the topic.

    INDIAN ECONOMY AS THE OLD WINE IN NEW BOTTLE, I disagree with this statement. Indian economy is the new

    wine in the old bottle. The whole outline is old but the inner beauty is new,its different from the encient wine.

    Since 1991, libralization,urbanization, globalization, has changed the Indian economy.

    Our economy is moving for better acheivement. After independence Indian economy has raised its flag of success.

    The educated or litterate peopl of India who are in now foreign countries should come in their country. Many

    Indians are working in other countries. They are working their for the development of that country . They are

    helping in to improve their economic conditions. But those Indian people who in other countries should come in

    their countries. They should come in India. It will help us to improve our economic conditions.

    We are seeing that by 1991 the Indian public sector and the private sector are boomong in all over the world.

    These sectors are providing employment to the unemployed person but willing to do work. By this the economic

    condition is becoming beter. Our country's GDP rate has been increasing . The litteracy level of our country is also

    increasing.

    In the past years on our country only agriculture was in more use but now the manufacturing and service sector is

    in demand and making more profits.People have their talent n wllingness to do work. Some new and intelligent

    politicians are in our country (sachin pailot,Rahul Gandhi n etc)who visiting in the every staste of our country n

    trying to the economic condition of every staste.

    Therefore ,i want to suggest that try to encourage our youngesterby which they come forward help to change the

    wine very costly ,so that nobody can destroy it!

    Rate this: +52 -13

  • 12/16/13 Indian Economy: Old Wine in New Bottle! - Group Discussion

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    Ashutosh Dubey said: (Wed, Jun 15, 2011 02:11:14 AM)

    I disagree with the given topic.the fact is " New Wine in Old Bottle" The real Indian economy opened up in 1991

    which brought the paradigm shift in indian economy,the sensex reaches handsome level, we saw the IT boom and

    became the global leader in IT sector, remarkable appreciation in Biotechnology,slowly and slowly we are moving

    towards manufacturing sector as well.So we are standing today and giving challenges to the Developed

    countries.Bottle remain the same- we have the same rights and constitution principle but their is change in society

    i.e "the change in our people".Today we look at things in a diff way we see things in +ve prospective and hoping

    for a better future both for the Natoin and the Individuals.

    Rate this: +15 -3

    Henna said: (Fri, Jun 3, 2011 11:47:49 PM)

    well, according to me, India is not an old wine in a new bottle, but a new wine in an old bottle!! after our

    independence, or may be after 1991, the globalisation era, our Indian economy has changed entirely!.. more

    competition, better quality, consumer is the king now!.. moreover our GDP is increasing at an ever increasing rate

    now.

    and if we talk about the politians, they are the old bottle, as the development of the whole wine(our country) is in

    their hands, but their narrow minds dont them think beyond corruption.

    Rate this: +8 -3

    Bala said: (Sun, May 29, 2011 02:03:30 AM)

    I disagree with you all friends. You are all simply blaming about the old politicians. What I would like to say is

    youngsters who are all working in abroad should be come back and should work for India. By this we can earn lot

    of many as taxes for future India development. Instead of this they are simply paying the taxes to other countries.

    Rate this: +7 -3

    Jaikumar said: (Sat, May 14, 2011 10:51:03 AM)

    Encourage the young to come forward and give us new thinking for change in politics and economy in the country,

    experiences and innovations are key.

    Rate this: +6 -1

    Rahul said: (Mon, May 2, 2011 07:41:48 AM)

    I think, Indian economy is changing nowadays at very fast rate due to large development in public and private

    sectors and to improvise further we need some young leaders amongst us to come forward along with the expert

    experienced people in government,so that innovation and experience will put forth some good ideas and in turn

    results.this will clear india's way to be a super power till 2020...

    Rate this: +7 -1

    Soha Khan said: (Thu, Apr 7, 2011 01:09:33 PM)

    I agree with my friends and I just want to add some things that there should be some limitation in the politics like

    working age should be fixed, education should be fixed so that our country get better and educated leaders and

    this way youth should get chance to enter into politics.

    Rate this: +4 -2

    Chandrakant said: (Mon, Mar 7, 2011 10:32:37 PM)

    Indian economy - old wine in new bottle. Older the wine, tastier it is. Our politicians are well matured an had been

    running the country for the past 60 years, Its all about what we want and how. If we stop bribing around and

    start demanding what is supposed to be delivered to us, wine will become sweet and tastier and we getting

    united unanimously they would have to do it. So my friends I agree that youngster and fresh ideas should be

    incorporated in the new world India but at the same time who guarantees that young thought would be in

    peoples' favour. Ultimately we need to change our thinking and choose the right person to the LA or Parliament

    house which should be above caste creed and religion.

    Rate this: +10 -2

  • 12/16/13 Indian Economy: Old Wine in New Bottle! - Group Discussion

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    Pratz said: (Tue, Dec 7, 2010 08:03:49 AM)

    I totally disagree to all of you. India is not an old wine in new bottle. Indian economy has opened up since 1991,

    and liberalization has changed a lot of things today. All the financial scams are falling out this indicates the

    correction happening in the system. This gives an message that though people become big bribing finally they will

    fall as their story falls out.

    We have a strong financial system which helped us to come out of recent recession. This indicates though India is

    changing its trade policies and opening up its economy it is doing it carefully and strategically. Visit of Barrack

    Obama clearly indicates that India today has more potential and every one in the world is looking towards it along

    with china.

    Rate this: +6 -2

    Amarnath said: (Tue, Nov 16, 2010 02:19:03 AM)

    Sorry friends I this agree with every one. Because you are talking about politician only. Indian economy is not in

    politicians hand because we only electing our government so it is in every Indians hand. Think if a government

    want to do some thing good, by soon that government it self will change. If a government employee wants to do

    some thing right, by soon he get transfer to some were. Like that every field is corrupted police, business. We only

    Encouraging this all thing. To get the passport to get the VISA to sanction some projects to start some business

    every thing we want quickly. We only corrupting the people to do wrong to do bad to do illegal.

    Finally I want to say only one thing that it is very difficult to change every thing. Indian economy is in every Indians

    hand. Please change.

    Rate this: +22 -3

    Sankar Prakash said: (Fri, Sep 17, 2010 11:25:15 PM)

    It is not the matter of age, definitely we need young people with ideas along with experience. It is all about

    commitment. We can easily speak about drawbacks, but now we need solution. World revolution is through self

    revolution. So it is the matter of commitment by each individual in their respective field. I think definitely India can

    overcome all its drawbacks and will become super power by 2020.

    Rate this: +8 -2

    Geetha said: (Mon, Sep 13, 2010 12:32:34 PM)

    I think old wine gives good taste like that old people I mean old minds give good result if they do correctly. They

    have so much experience and faced lot of problems from those they learned many things. But in our India

    corruption is placing main role. If any old politician wants to get good economy rate but remaining some persons

    they don't agree like Dr. Manmohan Singh likes to deal with US about nuclear deal but so many other politicians

    refused it. Like that.

    Rate this: +2 -4

    Bama said: (Mon, Sep 13, 2010 12:28:22 PM)

    I agree with all my friends, but I think that not only politicians are responsible for this problem, but also those who

    are belonging to INDIAN but working or willing to serve for other country responsible. Most of the good technicians

    or scientists are adopted by other countries. So it is like, something is produced in INDIA but are selling with the

    tag "made in XYZ".

    Rate this: +4 -1

    Arun said: (Sun, Sep 12, 2010 01:42:00 PM)

    I agree wit all my friends, but the thing is development of a country not only lies in the hands of politicians but also

    in everyone of us. Even oceans are formed from drops. So any small change we youth undertake, may some day in

    the near future lead to the country's prosperity.

    Rate this: +7 -1

    Ksangeetha said: (Wed, Sep 8, 2010 06:02:01 AM)

    A lot of changes required in every field because the people thinking and activities are different from ancient days.

    So we have to innovate new ideas to improve the growth of our country as every country has admire about India.

    Rate this: +3 -1

  • 12/16/13 Indian Economy: Old Wine in New Bottle! - Group Discussion

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    Rate this: +3 -1

    Satishram said: (Wed, Sep 8, 2010 01:11:16 AM)

    As far as corruption is concern India is wost affected countries in the world. I think every one is aware of BRIC. Its

    a association of nations which is gonna be super power in 2050. Brazil, Russia, India, China. You may ask why

    INDIA is in the list, India's advantage is its human resource. Ya presently 60% of our population is old pepole.

    Whereas in 2050 nearly 75% or more will be youth. Its very obvious that India will become super power when the

    politics is handed over to young and dynamic youth.

    Rate this: +3 -1

    Babloo said: (Tue, Sep 7, 2010 08:19:17 AM)

    Hmm, I completely agree with this. Because China and India has got independence in same couple of years but

    china is always 2 steps ahead in every field. Corruption is in every country but ratio varies. 1 article it was written

    if whole amount of Swiss bank of Indian owner where distributed among Indians then everyone will get about 1 L.

    So think about the amount of black money which is deposited in that bank of our politician which could have

    invested in development of country.

    Everyone knows who has ruled the country most in past 50 years, whether it is new or old it cums from origin of

    any party.

    When the ruling party will change then only the new wine will be found in new bottle of our economy.

    Rate this: +12 -4

    Kabi said: (Sun, Sep 5, 2010 05:38:57 PM)

    Change the heavy constitution into like newton low (single statement law).

    Little experience with great innovation require to run our politics.

    Rate this: +9 -2

    Manoj said: (Sun, Sep 5, 2010 05:38:29 PM)

    Yeah I totally agree with this. Because the politician of the early 90's and the politicians of now they have the

    same thinking i-e how to get the sympathy from the people but the way they execute their plan to achieve their

    goals have changed from early 90's. Now the politicians are offering more luxurious deals like they will provide

    power supply for 24hours and free TV and many more if they vote for them.

    Finally I conclude saying they have the common objective or goal. But the way of executing those goals have

    changed over the past few years.

    Rate this: +4 -5

    Senthil Kumar said: (Sun, Sep 5, 2010 12:05:26 PM)

    Still lot more spaces are their for Youth to give a new powerful economy. There is famous saying. By some youth.

    Politicians told us are the Future pillar of India. But they removed our back bone before they say it!.

    Rate this: +7 -1

    Mzr said: (Sat, Sep 4, 2010 10:35:49 AM)

    Yeah, you are dear Dude, I think its a time for young and Dynamic peoples to come into Politics.

    Rate this: +8 -15

    Dude said: (Sat, Sep 4, 2010 06:58:04 AM)

    I think its rightly said, because all our politicians are in their 60s or 70s and their thinking is very limited. Our

    culture is changing so rapidly but our country is still run by those senile peoples.

    Rate this: +9 -15

    Jas said: (Wed, Sep 1, 2010 11:12:59 AM)

  • 12/16/13 Indian Economy: Old Wine in New Bottle! - Group Discussion

    www.indiabix.com/group-discussion/indian-economy-old-wine-in-new-bottle! / 20/20

    As a part of this group discussion I want to lead the team as initiator. Our discussion is about Indian economy Is

    old wine in new bottle. Its like poring the old economy into. Our new trends. I like my friend to continue.

    Rate this: +12 -38

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