Why India is poor country?
Though it is not nice to hear that , yes India is a poor country ,but have we ever thought why is it so?We have the resources , talent , skilled personnel. A small country like Israel's GDP is 32,000$ where as India's GDP is just $ 1500!.I shall putforth certain point I think the reasons for India being the way it is today!
Firstly, the cultural reason of saving is bad for the economy. Yes ! for a country like India saving is bad because money is not circulated in the market rather stored in Bank Accounts.People need to spend money on consumer goods .To bolster this point, I can quote Apple's decision to not to fray into Indian markets.Why? Apple does not see a market in India.If Apple decides to launch their trade mark Apple stores , You are generating jobs thousands of them , which will in turn spur Mobile markets for apps and payment modules. Near field communications could revolutionise the way we shop. I'm quoting one example of how things can really change. But the basic impasse here is us- consumers.We are so capricious in even deciding to purchase a small product. When it comes to a expensive product we simply are not ready to invest money in that product.Secondly, In the United states you could swipe you card for a pittance amount $199 and get an Iphone and then you are in a quagmire situation with the Provider for 2 years.So why not that model in India , yeah I'm ready to pay 10k and buy it and be stuck to a provider for 2 years. Why cannot Apple get this model working?Well the problem is Indians are not trust worthy !! Yes, it is so difficult to maintain such a model in India because people just would buy the phone for 10k and abandon the contract!
So the base point to spur our economy is to spend more and save little to serve us during bad times.
Next, We think Americans are innovative and smart.They are leading the arms race, space race every race possible. So is it some cultural design? or genetical magic? Well firstly there is no such concept of Native American. Native Americans have been completely decimated from the region. The Americans today are a convoluted mix of people from Europe and Asian countries.So how does it happen? Magic!! Yes they have a magic called H 1B , a brain draining tool.Now India needs such talent to work for India, attract them and retain them. For that to happen , we need to make our country attractive so it is a viscous circle!!
So India needs to remove corruption, strengthen its economy , retain the "brains",get our systems right , only then we can even think of becoming a super power.
Though it is not nice to hear that , yes India is a poor country ,but have we ever thought why is it so?We have the resources , talent , skilled personnel. A small country like Israel's GDP is 32,000$ where as India's GDP is just $ 1500!.I shall putforth certain point I think the reasons for India being the way it is today!
Firstly, the cultural reason of saving is bad for the economy. Yes ! for a country like India saving is bad because money is not circulated in the market rather stored in Bank Accounts.People need to spend money on consumer goods .To bolster this point, I can quote Apple's decision to not to fray into Indian markets.Why? Apple does not see a market in India.If Apple decides to launch their trade mark Apple stores , You are generating jobs thousands of them , which will in turn spur Mobile markets for apps and payment modules. Near field communications could revolutionise the way we shop. I'm quoting one example of how things can really change. But the basic impasse here is us- consumers.We are so capricious in even deciding to purchase a small product. When it comes to a expensive product we simply are not ready to invest money in that product.Secondly, In the United states you could swipe you card for a pittance amount $199 and get an Iphone and then you are in a quagmire situation with the Provider for 2 years.So why not that model in India , yeah I'm ready to pay 10k and buy it and be stuck to a provider for 2 years. Why cannot Apple get this model working?Well the problem is Indians are not trust worthy !! Yes, it is so difficult to maintain such a model in India because people just would buy the phone for 10k and abandon the contract!
So the base point to spur our economy is to spend more and save little to serve us during bad times.
Next, We think Americans are innovative and smart.They are leading the arms race, space race every race possible. So is it some cultural design? or genetical magic? Well firstly there is no such concept of Native American. Native Americans have been completely decimated from the region. The Americans today are a convoluted mix of people from Europe and Asian countries.So how does it happen? Magic!! Yes they have a magic called H 1B , a brain draining tool.Now India needs such talent to work for India, attract them and retain them. For that to happen , we need to make our country attractive so it is a viscous circle!!
So India needs to remove corruption, strengthen its economy , retain the "brains",get our systems right , only then we can even think of becoming a super power.
1 comment:
Saving is not bad, so if you are in such an illusion its time to wake up , The recent economic turmoil in the US was majorly due to overspending. People started spending more on stuff and started taking more loans from the banks which eventually rendered them bankrupt . In a proper economy the banks invest money in creating new jobs which intern gets the money back to the bank :)
your explanation on the phone contract is a bit far fetched , even if you get a phone for 199$ you still need to pay around 70$ per month to keep you contract so inturn you are paying off the phones cost in installments , now consider paying 3500 RS per month for your phone contract in india ,It will never fly
H1B is no magic , if anyone told you H1B people are creating magic or creating innovations they are so wrong, H1B's just compliment the existing workforce period.
Rather than waiting for people like Anna or any other messiah, we should start practicing the change what we want to see , teach your children whats the right thing to do eventually one day things will change , we cannot expect change in a single day.
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