The India Model Essay Example for Free

The India Model EssayIndia is currently listed among the countries having orotund economies. In fact, India has the fourth highest growth rate following Japan. Indias economic success is not the intimacy that should be controln into account but the path or the form they have chosen is worth noticing. Instead of relying on the usual method of exporting low priced manufactured goods to West, India depended upon its local markets. India focused more(prenominal) on services and high tech industry which were the main keys to their economic success. As, the Indians focused more on their domestic markets they were not that influenced from the economic worldwide recession which affected many otherwise countries. One other remarkable thing ab start the model that India is following is the promotion of the entrepreneurs India is encouraging a healthy contention among the private companies that are being established in the country. India has always promoted economic activities by re moving trade barriers, cloggy tax rates, encouraging competition, eliminating state monopolies, and liberating industries.Indias current trend of growth is likely to continue and flat accelerate in the coming years. India started to develop rapidly in the era of Prime Minister Rajiv Gandhi who apprehended the private area in the country which was previously suppressed. Indias condition enhanced a mussiness since the start of 1990s. Telecommunications has revolutionized, interest rates are lowered, infrastructure has been developed and a big amount of uppercase has been raised.Even though India has progressed a lot, developing from an agriculture economy to service based economy, it missed out on the industrial revolution which could have changed the lives of millions who are forced to live in poverty. The lack of attendance on industrial growth has made Indias middle step towards progress a short weak. This lacking is a result of bad policies set by earlier regimens. After I ndependence Nehru well-tried to bring a government guided Industrial revolution.Since he did not have trust on the private firms he gave powers to the public field, making it stronger. This step of his hampered all of the small scale industries, present in the country at that time, as they got helpless against the competition against mighty public sector. Since Nehrus era government had been neglecting small scale industries, but in the recent years steps has been taken to encourage these small industries. It is predicted that in future years India will develop strongly in the industrial sector also.There are several other things that the current government has to modify in the current India model to make India a more successful state. The government has to provide confidence to the entrepreneurs so that the industrial sector can boost. It has to provide them with low priced energy sources, cut down indirect taxes instead impose prim goods and services tax, designate economic zo nes which can reduce the regulatory burdens and abolish unjust labor laws. Indias success and glory lie in the hands of self confident and hardworking Indians.They are the ones who are dismission to determine Indias future. To conclude I would like to quote a famous face that, As you sow, so you shall reap. So whatever the government does today to secure the talent of these lifelike minds will surely pay off them in the long run, for preserving and nurturing these outstanding Indian minds government has to take some measure to provide them with quality education, proper shelter, food and water. Laying foundations today is definitely going to waive off the harsh times tomorrow.