http://promiseofreason.com/6-reasons-why-india-should-open-its-market-completely/ Let us convert emotional issues of Indian politics and society into rational discussion Thu, 04 Mar 2010 08:59:58 -0700 http://wordpress.org/?v=abc hourly 1 http://promiseofreason.com/6-reasons-why-india-should-open-its-market-completely/comment-page-1/#comment-32 Sunday choice of the blog : ProBlogger | Open Source Blogging Mon, 18 Aug 2008 04:15:20 +0000 http://promiseofreason.com/?p=45#comment-32 [...] 6 reasons why India should open its market completely [...] [...] 6 reasons why India should open its market completely [...]

]]> http://promiseofreason.com/6-reasons-why-india-should-open-its-market-completely/comment-page-1/#comment-31 chakresh Sat, 14 Jun 2008 13:04:00 +0000 http://promiseofreason.com/?p=45#comment-31 We need to find the solution of our weak point. We can not hide it. It is affecting the other sectors also. I have written a new post on this problem. Please have a look http://promiseofreason.com/47 We need to find the solution of our weak point. We can not hide it. It is affecting the other sectors also. I have written a new post on this problem. Please have a look http://promiseofreason.com/47

]]> http://promiseofreason.com/6-reasons-why-india-should-open-its-market-completely/comment-page-1/#comment-30 Abhishek Shukla Sat, 14 Jun 2008 00:35:10 +0000 http://promiseofreason.com/?p=45#comment-30 in today's india, many youths believe that opening market is the best solution for the development of india. But these people forget very basic fact about indian economy that it's still majorly based on agriculture sector which comprise above 40%. in this article the example of Taiwan, South Korea, and Singapore is given, these economies are majorly import based and exports are limited to electronic goods but in india we have huge population whose living still is based on agriculture and opening market blindly will have devastating effect on them. Even in the developed nation like US large amount of subsidy is provided to there farmers, in india too we have to provide cover for agriculture sector and small scale industry as they are simply not yet ready to face open market. For just welfare of 20-30% population, we can not let rest 70% population face burn, the goal of every economic reform is to let benefits reach to poorest of poor so just blindly opening market is not a solution in indian demography and economic context. The service sector of indian economy has become strong enough and has been opened by government and giving reaping benefits. People say opening market will bring much more foreign investment and hence much more liquidity of money, my friend any student of economics will also tell you that too much liquidity is also not good for economy, the current inflation is infact result of too much liquidity. So in the end i will like to tell that every country supports its strong points and gives cover to weaker sector so is the case of india, india has strong service sector which is opened up but at the same time cover for weaker sectors also necessary. in today’s india, many youths believe that opening market is the best solution for the development of india. But these people forget very basic fact about indian economy that it’s still majorly based on agriculture
sector which comprise above 40%. in this article the example of Taiwan, South Korea, and Singapore is given, these economies are majorly import based and exports are limited to electronic goods but in india we have huge population whose living still is based on agriculture and opening market blindly will have devastating effect on them. Even in the developed nation like US large amount of subsidy is provided to there farmers, in india too we have to provide cover for agriculture sector and small scale industry as they are simply not yet ready to face open market. For just welfare of 20-30% population, we can not let rest 70% population face burn, the goal of every economic reform is to let benefits reach to poorest of poor so just blindly opening market is not a solution in indian demography and economic context. The service sector of indian economy has become strong enough and has been opened by government and giving reaping benefits. People say opening market will bring much more foreign investment and hence much more liquidity of money, my friend any student of economics will also tell you that too much liquidity is also not good for economy, the current inflation is infact result of too much liquidity. So in the end i will like to tell that every country supports its strong points and gives cover to weaker sector so is the case of india, india has strong service sector which is opened up but at the same time cover for weaker sectors also necessary.

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