Economic Growth
New Breed of Young Indian Entrepreneurs?
Business Standard article titled “Young India Does its Bit for Online Biz Model” reports that several members of Gen YRI are starting new online Internet companies. This looks like an Indian version of ‘dot com boom’.
Budget 2009-10 Youth and Rural Friendly
Finance Minister Pranab Mukherjee said the government would make it a priority to reach 9% gross domestic product growth in the medium term and would seek to spend 9% of GDP on infrastructure development by 2014. Budget release was heavy on spending for farmers and the poor, a core constituency of the Congress party-led ruling coalition, funded by a surge in borrowing and an increase in the fiscal deficit to 6.8 percent of GDP.
Attracting Youngsters in Agriculture Sector
More than 70% of India’s population depend on agriculture. With the advent of YRI generation now, more farmers in next couple of decades will be young. Swaminathan, who is the chairman of National Commission on Agriculture says that a small-farm management revolution will not be possible in the country without attracting the new generation into the farming sector and promoting the farmers of 21st century.
India’s Curse now a Demographic Boon
When I was growing up in India, my parents had nothing positive to say about India. Every time I had a conversation about issues of India with my father, his acidic reaction was always funneled through a long list of complaints on corruption, quota system, infrastructure, ruthless politicians, bureaucracy, red tape and on and on.
There [...]
Bright Prospects in Rural India
Because of buying power of the rural India, the Economy in the fourth quarter of the fiscal year (January-March 2009), the economy grew 5.8% against expectations of less than 5%. Is rural India’s growth a short term anomaly or a secular trend that is going to aid India’s long term growth? Knowledge @ Wharton article says that it could be a long term trend.
