Can India become world's fastest growing economy?

Why not India can..

It is positive attitude simple..

India will grow despite corruption, lack of vision in the govt, divisions. These exist in all countries from US to Nigeria. But Indians with their efforts, saving habits and education will progress. Yes it can be better and faster without these undesirable factors - but that's asking for Utopia.

INDIA HAS GOT EVERYTHING THAT IS REQUIRED TO BE DEVELOPED NATION AND IN THE PROCESS IT HAS TO BECOME THE FASTEST GROWING ECONOMY.

IT HAS BEEN ATTRACTING MANY FORIEGN PLAYERS AND THE INDIAN ENTERPRENEURS HAVE BEEN BECOMING MORE AGGRESIVE AND AQUIRING MANY COMPANIES IN THE FORIEGN SOIL AND ONCE THE FUNDS START FOLLOWING BACK AND WILL EFFECTIVELY BE REINVESTED IN PART IN THE INDIAN MARKET AND WILL INTURN INFLUENCE THE LIQUIDITY, CASH FLOW AND THE RISK TAKING ABILITY.

Yes, India can become the world’s Fastest Growing economy but still there are some obstacles which can hinder the path of this growing economy

1)      The Rural areas where still the majority of the population lives below poverty lines.

2)      Rich is becoming richer and poor is becoming poorer. Some step has to be taken this side to minimize this gap

3)      As in India, Agriculture is predominant, so certain major reforms are needed to boost this.

4)      There are so many areas which are untouched like infrastructure , fertilizer industries, R &D etc where recently only government has taken some initiatives.

5)      Establish some more small scale industries and encourage Entrepreneurship for more Employment

6)      Invite some veteran industrialist and assign them with some major public tasks as the government recently did for UID project by appointing Mr. Nandan Nilekani.

These are the few points where India still needs attention and some major reforms are needed. But the way India handled this Recession it’s really appreciable

yes

Yes we are growing at a good rate and this should be maintained throughout all the hurdles that we may need to face

here is need to undertake serious policy initiatives to reach the government's target of sustained 4 percent growth in this sector.”

The survey also expressed concern over rising prices, especially in essential items that has pushed the country's annual food inflation, based on wholesale prices, to nearly 18 percent in recent weeks.

yes. India can become world's fastest economy.

ON wednesday, 10th march 2009, NSE, announced that it would soon approach the Sebi and regulators for permission to launch future contracts on S&P 500 index, one of the world's most watched indices. This will enable the indian investors to have an exposure to US, HongKong Markets. this step is definitely towards making our economy world's fastest growing economy.

yes. India can become world's fastest economy.

ON wednesday, 10th march 2009, NSE, announced that it would soon approach the Sebi and regulators for permission to launch future contracts on S&P 500 index, one of the world's most watched indices. This will enable the indian investors to have an exposure to US, HongKong Markets. this step is definitely towards making our economy world's fastest growing economy.

Because you asked Can it? I have to yes it can? but if you ask will India become the fastest growing economy? It depends on following 3 things

1) How fast we are completing issuance of UID
2) Implementation of Power Reforms
3) Broadband penetration (in both rural and urban areas

Our growth will be directly proportional to the pace at which above three reforms are made.

Dear readers, Jai Hind!!!

Yes, Our India can become world's fastest growing economy....but the thing is that, that would be what people see India from outside not inside. Internally India is still the same - very poor corporate governance, govt. organisation policies are still the same and people recruited in these organisations also become like that. poor infrastructure in tier-2, tier-3 cities and so on...,  power problems, water problems, road problems, and other basic problems still persists...still the rich is getting rich day by day and poor is still poor....dont know why the govt. is not abolishing 'quota system'. where is the equality???? there are many other issues that should be taken care of...then may be after 10-15 years our India can become world's fastest growing economy "fully".

I belong to a very small city so i know the problems and issues that we face in our daily life...but people living in tier-1 cities, metros etc. may not support my views... but the reality is India is still not ready....not a problem...still hoping for that "1 day " to come.....

Thanks & regards

Ashish Sahu

Yes, If we are serious about the growth of economy but there are lots of areas where we have to give attention. Lack of electricity(Load Shadding), Correption. In rural area there are no health, education, electricity, Telephone connection. We are only looking towards the metro cities but what about other Indian cities & rural area. We have to look towards the all area of our country. Red tapisam is big obstacle for growing of economy. Make easy process for economy matters. If anybody want to set up business in India he have to face lots of trouble for getting licences. Single window system is necessary.