The Population And Economy In India

Can you believe that there are countries have more than one billion people? Do you think these countries that have more than one billion people can have successful economies? What are the factors that help the government to make their economy successful? India is one the countries which have more than one billion people. The population in India today is 1.3 billion (CIA, 2007). In addition, According to the Mayfiled website “The Indian economy is one of the fastest growing in the world, with GDP growth touching 9.3% last year. Simultaneously, India is experiencing exponential domestic growth for retail products and services due to the burgeoning middle class, which consists of 300 million consumers” (n.d, para. 2). However, the Indian economy should be very good because the high population is a resource for any successful economy. In fact, the government should use the population to improve their economy in several ways; the government should change their way in education, they should increase the income of the Indians, and they should allow foreign investors to invest in India.

According to “What is population”, “Population is about people, and the dwellings, locations and environments that people live in. Population can be defined in many ways, for example by age, ethnicity, type of housing, birthplace or location” (2007, para. 1). Any country in the world wants to have a good number of populations because the population can help them to improve many things if they use it in the right way. The economy is one of these things that the population can improve you. According to “What is economy”, “Economics is the study of how people choose to use resources. Resources include the time and talent people have available, the land, buildings, equipment, and other tools on hand, and the knowledge of how to combine them to create useful products and services” (n.d., para. 1). However, Indian government has not able to get the advantages of their high population. So they are a lot of poor people in India and a lot of uneducated people. These have happened because the government did not make good decisions that could help their economy to be improved and successful.

First, the education is an important factor for any successful countries. In fact, any country that wants to be successful in any way they cannot be developed in few times, they should work hard with the future generation, who will be the holders for the country in the future, when they are young until they reach the working life. By teach them how they can be creators not to be destroyers. However, the government can improve the education by many ways. First, they should change the school materials to be more helpful to the students that can make them more active and create the determination that we can be better than they are now inside the student when he is young. Second, try to push the parents to let their sons to have high education and give them the facilities; for example, make the education free or decrease the education fees, and send the distinctness people outside to get good education. Unfortunately, in “Social Culture” the author tell us “India has almost an equal number of men and women and almost half of the women belong to the uneducated category” (n.d, para. 7) that means the education in India is not effective because the number of uneducated people is very high.

Second, any market in the world needs a lot of customers to consume its products. Furthermore, any market looks first for the local customers because the buyers can sells their products easily and cheaply in the local market than the international market, especially if the country has high population that means the chance to have consumers bigger than other countries. However, if the local people don’t have money enough to buy the products the buyers cannot get the advantages of the high population to sell their products in the local market, so they will move to the international market, which they can find consumers for their products. However, the government should increase the income for the Indian workers and create jobs that have good wage; because the Indian people will have money enough to use their market. Therefore, the Indian market will be successful because the competition will increase because the demands and supplies will increase either.

Third, any country needs to have foreign investors who can own business in the country; because the economy need to have experiences from out side; for example, in “USA Today” the author tell us “foreigners owned $2.2 trillion in U.S. Treasury securities out of a total of $4 trillion of privately held U.S. debt.” (2006, para. 1). In fact, the economy of U.S. is the most successful economy in the world. Furthermore, the government will get the a lot benefits from the foreign investors because they will add money to the economy, they will create a lot of jobs that could help the government to solute the unemployment problems. As result, the number of the unemployment people will decrease. And Indian people will find products more cheaply and locally. In fact, the Indian government should give the facilities to the foreign investors to invest in India.

There are a lot of Indian businessmen have businesses and work in abroad. In fact, the opponents believe that those people should not come to India because India already has over high population. And those people will increase the population. However, if those businessmen come back to India they will affect the country in positive ways because they have money out side the India and this money should be in India because Indian economy needs those people. In addition, when those businessmen inter the Indian market, they will inter with their money that mean the competition will increase. Also when invest in India; a lot of jobs will be created by these investments. Finally the government should try to attract the Indian businessmen to invest in their back home by give them the facility to invest, and they will not avoid that if they find the facilities and support from the Indian government, because any one loves to help his or her country as much as he or she can.

In conclusion, Indian has big chance to inter the MDC’s because of their high population. But they have to do some factors to improve their economy. First they should plan to have an educated generation in the future because that generation will be the leader of the Indian economy in the future. Second, increase the Indian earnings because the number of local consumer in the Indian market is limited, but when they have the good income they will be consumers in the Indian market immediately. Third, the Indian government should try to attract the foreign businessmen to invest in India because the competition will increase and a lot of jobs will be created by these investments. In fact, the economy is the most important inside the country that why any country try hard to find any factors that can help them to improve their country.



References
India. (2007). CIA. Retrieved July 23, 2007, from https://www.cia.gov/library/publications/the-world-factbook/print/in.html

Mayfield. (n.d.). India. Retrieved August 2, 2007 from http://www.mayfield.com/index.php/india_overview.html

SOCIAL CULTURE. (n.d.) Indian Mirror. Retrieved August 1, 2007 from http://www.indianmirror.com/culture/cul8.html

USA Today. (2006, February 22) Foreign investment affects Americans' lives every day. Retrieved August 1, 2007, from http://www.usatoday.com/news/washington/2006-02-22-ports-foreign-investment_x.htm

What is economy? (n.d.) Undergraduate Economics. Retrieved August 2, 2007 from http://www.vanderbilt.edu/AEA/students/WhatIsEconomics.htm

What is population? (2007, March 12) Population and Sustainable Development. Retrieved August 2, 2007 from http://www.population.govt.nz/intro-to-popn/what-is-population.htm

Indian Economy

Abdulkarim
EAP2WW
Summary Response#2


In Zarina Fazaldin’s article “A Country Ready for Growth, Globalization”, she claims that India could be a global economic leader as a result of successful economic reform. The writer states that the Indian economy is growing at a rate of percent annually. In addition, more business people and corporations are investing in India, because of the government’s new open economic decision. Zarina claims that in order for a nation to be a global economic leader. Actually, the Indian government should organize the workforce to decrease the unemployment rate, decrease poverty, and improve the nation’s economy. The writer claims that India needs to fix some weaknesses. The weaknesses include poor infrastructure, political challenges, undeveloped rural areas, and a high level of poverty.

The government should use the population to improve the market, the industries and the exportation.

First, there are good opportunities to improve the market in the countries with the high population. In fact, one of the important things that make the market system is wherever a good competition between the buyers. And, the factor that encourages the competition is how many consumers there are. In addition this reason is an advantage for the countries that have high populations, because their populations will support these markets with their consumers and buyers.

Second, one of the important conditions to make any country’s industry is that the country should have a high population, because the country will need a lot of people to help them to make and operate the businesses there; for example, it needs engineers, businessmen and laborers. There is another example for a country, which has taken the advantage of their high population to improve their industrialization; it is the USA. Furthermore, if the country changes to an industrial country, it will help the unemployed people because it will make a lot of jobs for every level.

Third, if the country changes to an industrial country, they will provide a lot of products that they had imported from outside. And it will help the buyers, the consumers and the market system. In fact, it will help the buyers and the consumers by decreasing the cost of the products and it will get a lot of consumers. And it will help the market system by saving the money inside the country; for example, if the country has big number of population and import everything from outside, it has a big chance to stay away from imports from out side and save their money by building industries and making their own products. Furthermore, they can get rewards from these revelations by importing their products to other countries.

In conclusion, the country should take advantage of their high population by improving their economy, factories and production, because they have a good opportunity, which is the high population, to improve their country. However, the population could be good for the country if they work with it in a good way, but if they did not it is going to be very big problem for the country.


Fazaldin, Z. (2007, July 8). A Country Ready for Growth, Globalization,
Richmond Times Dispatch. Retrieved July 12, 2007, from Lexis Nexis database.