Finance, Forex and Investments

In what way is India’s economy superior?

I have read it many times but how it is superior please enlighten me .

Public Comments

1. Superior to what? Haven't heard about India's economy being particularly good at too much.
2. It is rapidly expanding economy predicted to be the third largest after China and the USA this year. Lot of infrastructure and development is taking place, but India faces similar global problems as well as the issue of extreme poverty. India's economy may be called superior because of it's large market and skilled work force.
3. population of india is 121 cr.but 2g scam of india in more than 176000 cr. so it is much more better than any country
4. I think India and China have raised the eye brows of the many international observers for their economic achievements, particularly in manufacturing and getting closer to the international standards of high tech edges. The truth is their cheap labor cost and productive workers have provided the support of the mass production with acceptable quality and affordable prices for the major consumers worldwide.. China is named as the World Factory in the recent years. Regardless of the compliments of how good India in terms of productivity, high-tech production of computers, and many kinds of consumer products. Most of the India families are living under the poverty line, so as China. Hong Kong is boasted has the No. 2 billionaires just behind the US in this world. As a matter of fact, the recent NBC news did broadcast there current 50% American citizens are living under the poverty line under the America cost of living standards. Hong kong has two millions out of the total seven millions are living under the poverty line in which 20k are living in cages. You may find the most pertinent facts in the following web articles about India economy. http://search.yahoo.com/search;_ylt=A0oGdVrbNnxOmjUAlw1XNyoA;_ylc=X1MDMjc2NjY3OQRfcgMyBGFvAzAEaG9zdHB2aWQDbnVhcE9Vb0dkVENHSzJLMVRFWmkwQWZKUU5PUlZrNThOdHNBRE9CYgRuX2dwcwMwBG5fdnBzAzAEb3JpZ2luA3NycARxdWVyeQNUaGUgcXVvdGVkIGZhY3RzIG9mIGluZGljYXRpbmcgSW5kaWEncyBlY29ub215IHN1cGVyaW9yBHNhbwMxBHZ0ZXN0aWQDUUkwMjg-?p=The+quoted+facts+of+indicating+India%27s+economy+superior&fr2=sb-top http://search.yahoo.com/search?p=CNN%20video%20show%20many%20poor%20peoples%20live%20in%20cage%20in%20Hong%20Kong
5. India's economy is superior in the sense that India is a country producing agricultural pruduses in bulk & the people being poor do not consume the comodities to that extent as the people of other countries. Thus most of the quality products are exported. For example In sehore districtthe best quality of wheat is produced but it is not made available to the local people.This applies to each and every product. this makes Indidi a financially stable country.
6. Its all about balance of payments, India, China and the emerging nations offer a cheap and skilled labour force (the cheap labour costs will of course rise over time). This means that they can adopt and adapt to external investment quickly. Many overseas companies are relocating to these emerging countries to manufacture their products at lower rates, this is because it is seen that manufacturing in the 1st world makes them less competitive and lowers margins. The growth of India's economy was based on this, however it is now using the money from these investments to leap frog existing companies and manufacture in its own right at competitive prices. India also benefited from the outsourcing of labour markets, it became the world leader in call centre related activity, this boosted its consumer buying power and helped local industry grow as the home market was growing. India has a highly skilled work force in many of the technology areas, this has enabled it to become a world leader in software development. Starting from a near zero position it has introduced new up to date centres for this work, again with relatively cheap labour by western standards. Heavy industry has also boomed, leading to a greater percentage of world exports, this in turn results in money foreign capital being available and this is being ploughed back into the industrial infrastructure. India has a vast internal markets as well, the more the wealth cascades down the greater the consumer spending (from better paid jobs) will filter through to local companies and increase there internal investments, bring more jobs and more spending power. This will continue to happen, until there is the tipping point, wages increase demands are eventually inevitable as internal consumers want more and more, when this happens the viability to produce cheap items and services will start to decline and they and others will look to outsource to the next cheap labour market (Africa???)
7. I guess India has a comparative advantage,but only in two areas, agriculture and software industry.But the country has lost good people day and night.
8. superior to ... what
9. Yes it is superior, because of most of its growth is coming from internal demand and less dependence (relatively speaking, compared to China) on foreign demand.
10. _____________________________________ There are more than 200 countries in the world and the ranking of India in many heads are really excellent. But if our politicians are cleaned by the sincere efforts of Anna Hazare, we will be the World's No.1 ________________________________________ GDP (purchasing power parity): $4.06 trillion (2010 est.) country comparison to the world: 5 GDP - real growth rate: 10.4% (2010 est.) country comparison to the world: 5 Labor force: 478.3 million (2010 est.) country comparison to the world: 2 Population below poverty line: 25% (2007 est.) Investment (gross fixed): 30.2% of GDP (2010 est.) country comparison to the world: 22 Public debt: 51.9% of GDP (2010 est.) country comparison to the world: 49 56.1% of GDP (2009 est.) Stock of narrow money: $339.5 billion (31 December 2010 est.) country comparison to the world: 14 Stock of broad money: $1.321 trillion (31 December 2010 est.) country comparison to the world: 14 Agriculture - products: rice, wheat, oilseed, cotton, jute, tea, sugarcane, lentils, onions, potatoes; dairy products, sheep, goats, poultry; fish Industries: textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals Industrial production growth rate: 10.6% (2010 est.) country comparison to the world: 24 Electricity - production: 723.8 billion kWh (2009 est.) country comparison to the world: 6 Electricity - consumption: 568 billion kWh (2007 est.) country comparison to the world: 6 Oil - production: 878,700 bbl/day (2009 est.) country comparison to the world: 24 Oil - consumption: 2.98 million bbl/day (2009 est.) country comparison to the world: 5 Oil - proved reserves: 5.8 billion bbl (1 January 2010 est.) country comparison to the world: 23 Natural gas - production: 38.65 billion cu m (2009 est.) country comparison to the world: 22 Natural gas - consumption: 51.27 billion cu m (2009 est.) country comparison to the world: 16 Natural gas - proved reserves: 1.075 trillion cu m (1 January 2010 est.) country comparison to the world: 26 Exports: $225.4 billion (2010 est.) country comparison to the world: 21 Exports - commodities: petroleum products, precious stones, machinery, iron and steel, chemicals, vehicles, apparel Reserves of foreign exchange and gold: $287.1 billion (31 December 2010 est.) country comparison to the world: 8 Debt - external: $238 billion (31 December 2010 est.) country comparison to the world: 29 Stock of direct foreign investment - at home: $188.1 billion (31 December 2010 est.) country comparison to the world: 24 Stock of direct foreign investment - abroad: $90.36 billion (31 December 2010 est.) country comparison to the world: 26
11. I'll go for agriculture! Mother India is supporting food for almost everyone with a population of 1.115 billion.