What asset do we have in super abundance to trade? India is a land of Human Capital, with 1.4 billion people, a vast majority of them in the 18 to 60 age group, but is unable to find work for them, in order to covert this humongous resource into income for these people. Why?
Mam, wonderfully written, I don't have an economics background but understood most of it. Will understand more as I read more. Power to you for sharing knowledge. And I wish those who can make changes see these articles and act on it.. looking forward for more...
all nations can be net exporters at same time so their has to be other model of growth that is fiscal defecit with its proper distrubution all around indi acentral govt debt must be 100% 9f gdp but we had brought down to 45%. thanks to pandemic it has increased to 55% . it is shortage of govt money which has created unemployment . one of reason china s export went up is it s currency hasnt depriciated much . this is lesson chinese learned that in 1978 when then selected 100 best men and send them to study how world runs and why united states is rich . the following points they reported 1) usa currency is fixed 2) credit card intrest rate is below 10% 3)well developed capital goods industry 4) infrastructure per unit area
no wonder china currency has depriciated from 4to 7 only and india 18 to 76 . 2) in china deposist rate 2% lending rate 6% and india average 12 to 18% 3) china produces all most most machines and cheaper then their counter part while india imported 600$ billion in ten years during congress rule almost equal to our gold imports . 4)well develop nuclear and railway infrastructure . both are example of maxium production per unit area .. bad part is they have followed export led growth which they are now correcting as they realizing that what they are getting paper dollars and unnecessary subsidizing usa . currently india has debt of 600 billion dollars as well forigner institution holders also have 600 billion dollars assets what happens to them when currency is devauled . if currency depriciates no foreigner will invest . they need stable currency this is what china did they kept currency stable for that they kept intrest low which kept inflation low. this resulted in fdi and subsi quent exports . thats the reason india attarct low fdi our currency continously depriciates. devaluing currency i have read before also if iam able to retrive the article i will share . 70% local is in problem because we have one currency and one king which has not been produced in sufficient quantities . india was rich in its glourious past because we had 600 kingdom and six hundred currencies but they were casable at par in each other kingdom . we have 2crore govt employees for 138 crore population while usa has 2crore for mere 30 crore population . what we need is nrega version two in which we add 20lakh govt job
Mam, wonderfully written, I don't have an economics background but understood most of it. Will understand more as I read more. Power to you for sharing knowledge. And I wish those who can make changes see these articles and act on it.. looking forward for more...
Super piece. Keep writing.
Ma'am, you are single-handedly trying to shake India from a dangerous slumber. Brilliant as usual.
all nations can be net exporters at same time so their has to be other model of growth that is fiscal defecit with its proper distrubution all around indi acentral govt debt must be 100% 9f gdp but we had brought down to 45%. thanks to pandemic it has increased to 55% . it is shortage of govt money which has created unemployment . one of reason china s export went up is it s currency hasnt depriciated much . this is lesson chinese learned that in 1978 when then selected 100 best men and send them to study how world runs and why united states is rich . the following points they reported 1) usa currency is fixed 2) credit card intrest rate is below 10% 3)well developed capital goods industry 4) infrastructure per unit area
no wonder china currency has depriciated from 4to 7 only and india 18 to 76 . 2) in china deposist rate 2% lending rate 6% and india average 12 to 18% 3) china produces all most most machines and cheaper then their counter part while india imported 600$ billion in ten years during congress rule almost equal to our gold imports . 4)well develop nuclear and railway infrastructure . both are example of maxium production per unit area .. bad part is they have followed export led growth which they are now correcting as they realizing that what they are getting paper dollars and unnecessary subsidizing usa . currently india has debt of 600 billion dollars as well forigner institution holders also have 600 billion dollars assets what happens to them when currency is devauled . if currency depriciates no foreigner will invest . they need stable currency this is what china did they kept currency stable for that they kept intrest low which kept inflation low. this resulted in fdi and subsi quent exports . thats the reason india attarct low fdi our currency continously depriciates. devaluing currency i have read before also if iam able to retrive the article i will share . 70% local is in problem because we have one currency and one king which has not been produced in sufficient quantities . india was rich in its glourious past because we had 600 kingdom and six hundred currencies but they were casable at par in each other kingdom . we have 2crore govt employees for 138 crore population while usa has 2crore for mere 30 crore population . what we need is nrega version two in which we add 20lakh govt job
Very well argued Sonali !