tag:blogger.com,1999:blog-8647794548092946175.post6766236119602659843..comments2023-08-12T17:16:40.858+05:30Comments on Bright Sparks: Indian GDP's explosive imbalanceGyan Cloudhttp://www.blogger.com/profile/07261375536957176336noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8647794548092946175.post-1027812722634064822013-07-09T13:05:11.088+05:302013-07-09T13:05:11.088+05:30Is the service sector's growth clocking double...Is the service sector's growth clocking double digits, leading to rise in GDP, really worth for appreciating for, we, the Indians? Does this really make us feel proud? Is this something our crooked politician should boast and mislead innocent people of this country? Answers to these questions lie deep in the truth articulated and pronounced in this blog.<br />Although service sector contributes for more than half of GDP, and the rest 2 sectors-agriculture and manufacturing, for remaining, the people employed is far less than in other two sectors taken individually. Is this beneficial for our growing economy? Reply by economists are unsupported. Instead, they are providing us with real and unknown truths. The foremost risk is of large employment disparity that would lead to social chaos. It is evident from present situation that chaos is to happen. Only 15-20% are employed in service sector. Most of the IT companies now demand for skilled labor. And our educational system does not enrich it's students with skilled knowledge. May be it is due to lack of resources, lack of trained professionals, or the time required to make a person skilled. Our system lacks in all respects. But these can be eliminated in due course of time by inducing few measures perfectly into our political, administrative and educational system. Raising industrial sector can boost our economy with increase in industrial sector. Reforming new land laws, supporting farmers with agricultural techniques can help agricultural sector contribute more to our GDP than existing contribution. Skill development should take place at whooping scale. Quick deftness is demand of hour. We should also seek prospective examples from many growing nations which have transformed their economy significantly, like China. Their models need to be analysed and though upon for our own well being. Finally, society stratum has to change it's perception towards moving and changing world and should leave behind antiquated customs and accept new and beneficial ones. These have to be implemented by our government before time elapses and we would have nothing to work upon as a failed nation. Reforms have to be started from now on and to be enforced with maximum efficiency for betterment of our nation and our economic status. Awareness is the key to development.Anonymoushttps://www.blogger.com/profile/16069380936612547278noreply@blogger.comtag:blogger.com,1999:blog-8647794548092946175.post-822754518180359882012-07-24T15:35:29.080+05:302012-07-24T15:35:29.080+05:30Excellent post! We have jumped the standard model ...Excellent post! We have jumped the standard model of development (Agri-Manu-Service) to one of our own invention: Agriculure---->Services. This can be seen in perspective by the Chinese example, who are following the standard model...Reflections Of Vishal V Kalehttps://www.blogger.com/profile/12991791777494699794noreply@blogger.comtag:blogger.com,1999:blog-8647794548092946175.post-84220916135098558332012-03-19T01:36:38.217+05:302012-03-19T01:36:38.217+05:30I agree with this stand point. Also, MNCs are look...I agree with this stand point. Also, MNCs are looking for better skilled labours out there in Africa and South-East. If they get better skilled labours there at low cost than by the law of globalization, Indian 59% service sector will nose dive. <br />FDI is more promising than FII because it uses domestic resources and human capital with a firm physical existence i.e. the possibility of shaking FDI out is far less as compared to FII. <br />We are in ICCU and still our doctors are holidaying carefree! I am restless to act upon it but something worthwhile!J Rajaramhttps://www.blogger.com/profile/05653791315550181798noreply@blogger.com