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.