GD Topics: India Shall Adopt China's Model of Growth
GD Topics: India Shall Adopt China's Model of Growth
GD Topics: India Shall Adopt China's Model of Growth
more over,this is not the only reason that india will not adopt
china's model of growth.som other reasons could be: 1. china has
a one party rule....unlikei india with multi party system so things
get difficult to shape up and reach a commomn consensus. 2.
china's main source of foreign inc. is through manufacturing
industry while that of india is through its IT industry. both the
country's have different systems and policies to carry their
economy to highr level so adopting each other's or any other's
growth model with alltogether different system and economic
policies will do no good to any country.
Privatization can be good if it eliminates the need for government monetary contributions
to a governmental entity. An example would be the privatization of the United States
Postal Service in the 1970's. Privatization can be bad if it raises the cost of goods or
services to a rate which the consumer cannot possibly afford. An example of this
would be the privatization of Bolivian water treatment plants in this decade.
Privatisation succeeds and fails for several reasons. Of relevance to the Indian
situation are four factors: commitment, competition, transparency and mitigation.
These factors interactively make privatisation yield the necessary results. Of these
four factors, India scores highly on competition and transparency. But it scores
poorly on commitment and mitigation.
A consistent commitment to the cause of privatisation, as displayed by Ms
Margaret Thatcher's Conservative government, in the early 1980s in Great Britain,
is necessary for privatisation to succeed. This attribute has been conspicuously
lacking in India. Given the lack of a clear political majority to govern, the various
governments since 1991 have had to play a balancing game in satisfying various
political constituencies about whether to privatise. Between 1996 and 1999 India
had four prime ministers.
The prime minister, the finance and disinvestment ministers may have had a keen
interest in seeing privatisation succeed, but the other coalition members of the
government had opposing views.
A corollary to commitment is the creation of an institutional framework, so that
policies needed to transform an economy can be implemented.
FDI IN RETAIL:
Retailing is the interface between the producer and the individual consumer
buying for personal consumption. This excludes direct interface between the
manufacturer and institutional buyers such as the government and other bulk
customers. A retailer is one who stocks the producer’s goods and is involved
in the act of selling it to the individual consumer, at a margin of profit. As
such, retailing is the last link that connects the individual consumer with the
manufacturing and distribution chain.
The retail industry in India is of late often being hailed as one of the sunrise
sectors in the economy. AT Kearney, the well-known international
management consultancy, recently identified India as the ‘second most
attractive retail destination’ globally from among thirty emergent markets. It
has made India the cause of a good deal of excitement and the cynosure of
many foreign eyes. With a contribution of 14% to the national GDP and
employing 7% of the total workforce (only agriculture employs more) in the
country, the retail industry is definitely one of the pillars of the Indian economy.
CWG FACTS:
Dear readers, I want to share some unknown facts related to Commonwealth Games
opening ceremony, held at Jawaharlal Nehru Stadium, New Delhi, on October 3.
500 workers had been engaged to build the CWG opening ceremony stage, weighing-
approx. 500 tones, in 7 days. The main stage, designed according to Sanskrit word
Mandala, is considered as one of the largest opening and closing ceremony stage.
Man.