[shark07]

the chinese are facing a losing battle. they have come to know that until and unless their financial systems as well as fundamentals are strong, they cannot sustain in the longer run.

a strong economy is characterised by the robust mechanisms it has in place. almost all the chinese banks are running billion dollars in debt and the govt has decided to pump in $100 bn to clean up the mess.

also one must understand that a country cannot grown at a high rate for a long time. this is against the basic laws of nature. they are bound to fall down due to their own speed. also, the revalaution will hit the economy of china hard in the longer run, eventhough the govt may say it is manageable. but i donot advocate that china must not revalue its currency. it must do that for alevel playing field in the global market.

but one must understand that chinese market is government controlled, this revaluation may hit the consumers a bit in the short term, raising the domestic prices of commodities. though inflation may be controlled thru govt absorption of this rise, in the loger run, it will definitely hac=ve a widespread impact.

the chinese are duds, the real world belongs to us. now, if indians paly smart and clever, we can rule the roost. i would realllllllllly love that

Originally Posted by lomi

Nice explanation there and did anyone say chinese are smart, they are very smart.

[DesiGuru]

Well i guess the editorial is the one put up by lomi...
In any case what i wanted to see can at max expected to be in the business dailies and not normal newspapers...
I dont read business newspapers that much in any case nowadays..

TOI Mumbai is pretty good i think... Remember the editorial really comes from the one or two guys writing it... I believe those who read Hindu do not read TOI Mumbai... Yes its full of other crap... But some of the editorials are good too...

They are definitely higher paid than Hindu So they better write better than that southern newspaper...

I think some of you need to be reminded that China is the real thing...
The 20th century belonged to the US and the 21st century will belong to China.

India... Will continue to worship the Gandhi family and form committees and make common minimum programs to accomplish the absolute minimum and guarantee jobs to all the losers in india making it to 5% of the world trade by the time you die (of the rain?)

thanks,
K

[Mohit102]

Originally Posted by DesiGuru

Well i guess the editorial is the one put up by lomi...
In any case what i wanted to see can at max expected to be in the business dailies and not normal newspapers...
I dont read business newspapers that much in any case nowadays..

TOI Mumbai is pretty good i think... Remember the editorial really comes from the one or two guys writing it... I believe those who read Hindu do not read TOI Mumbai... Yes its full of other crap... But some of the editorials are good too...

They are definitely higher paid than Hindu So they better write better than that southern newspaper...

I think some of you need to be reminded that China is the real thing...
The 20th century belonged to the US and the 21st century will belong to China.

India... Will continue to worship the Gandhi family and form committees and make common minimum programs to accomplish the absolute minimum and guarantee jobs to all the losers in india making it to 5% of the world trade by the time you die (of the rain?)

thanks,
K

Hi Buddy...

Not sure why you are getting so pessimistic about our country...

I agree that China is doing good but does not agree with "China is the ONLY real thing".

Politics is dirty every where on this earth... So should not lament about the fact about the Gandhi worship (which is unfortunately true)

Agreed that right now our development is getting restricted to IT and related services but one cannot ignore the fact that the capital it is pumping into our economy will slowly extend to other strata of our society.

After successful outsourcing of IT services, America is seriously considering outsourcing of manufacturing sector to India (given the cost benefits).

True that open markets will make our local business to suffer but I strongly disagree that our companies are going to surrender to that pressure. I think in long run our companies will emerge as stronger player in global economy.

Our main problem is of capital (not even population density). Socalist policies of 40 years (till 1990) worked as a termite to our capital. I am not exactly saying that the policies were defective but somehow it didn't work out.. May be defective leadership or licenceraj.

After signing to open our markets to world, we are now in a position (after 15 years) to fight for equal play field.

We have surplus foreign reserves.

America is getting advantage of labour cost from English speaking community. So outsourcing is bound to increase whether one like or not.

Technologically we are among the advanced countries in the world.

Given the history of just 55 years of independence (out of which first 40 were of almost socialist economy) I would say its an impressive performance.

In those 55 years we have faced 3 wars imposed on us by our friendly neighbours.

I am not saying we are doing really good but every country has its own share of problems and good point here is we are not sitting idle and doing nothing.

We are in a position to integrate our economy with American economy and thus reaping benefits out of that. We are doing whatever we can..

I don't think Business enterprises here will be ignorant enough to let go the first mover benefits to China.

There is still lot of work to be done which should be done in the coming years..

Our country's economy is still developing and I am gald to be part of such a country..

Mohit

[convolutedsignal]

Desiguru my man where r u getting ur facts from abt TOI guys being paid more than that "Southern newspaper" ..and I really dont get ur correaltion of how they write better becuse they get paid better..Sidney sheldon got paid more than RK Narayan u know..n plz post an editorial from ur beloved TOI to prove ur point..N be true 2 urself do u know whats happening elsewhere in India other than Mumbai after reading that tabloid??..Ill post my views on the Chinese tiger as soon as I finish this assignment..Man I should've stayed in college!

[simple_aspirant]

Originally Posted by Mohit102

Hi Buddy...


Politics is dirty every where on this earth... So should not lament about the fact about the
....

Hey Mohit, from your statement, I got to remember one very good quote by someone..

"If it is not dirty, it is not POLITICS"

Simple_Aspirant

[shark07]

Originally Posted by Mohit102

Hi Buddy...

Not sure why you are getting so pessimistic about our country...

I agree that China is doing good but does not agree with "China is the ONLY real thing".

Politics is dirty every where on this earth... So should not lament about the fact about the Gandhi worship (which is unfortunately true)

Agreed that right now our development is getting restricted to IT and related services but one cannot ignore the fact that the capital it is pumping into our economy will slowly extend to other strata of our society.

After successful outsourcing of IT services, America is seriously considering outsourcing of manufacturing sector to India (given the cost benefits).

True that open markets will make our local business to suffer but I strongly disagree that our companies are going to surrender to that pressure. I think in long run our companies will emerge as stronger player in global economy.

Our main problem is of capital (not even population density). Socalist policies of 40 years (till 1990) worked as a termite to our capital. I am not exactly saying that the policies were defective but somehow it didn't work out.. May be defective leadership or licenceraj.

After signing to open our markets to world, we are now in a position (after 15 years) to fight for equal play field.

We have surplus foreign reserves.

America is getting advantage of labour cost from English speaking community. So outsourcing is bound to increase whether one like or not.

Technologically we are among the advanced countries in the world.

Given the history of just 55 years of independence (out of which first 40 were of almost socialist economy) I would say its an impressive performance.

In those 55 years we have faced 3 wars imposed on us by our friendly neighbours.

I am not saying we are doing really good but every country has its own share of problems and good point here is we are not sitting idle and doing nothing.

We are in a position to integrate our economy with American economy and thus reaping benefits out of that. We are doing whatever we can..

I don't think Business enterprises here will be ignorant enough to let go the first mover benefits to China.

There is still lot of work to be done which should be done in the coming years..

Our country's economy is still developing and I am gald to be part of such a country..

Mohit

i would like to ask ppl why they feel the country can't use the iT and services sector ads fuel in the future. saying that much of the capital is getting tied to IT and Ites is correct. But i would like to bring to ur notice that we Indians are very intelligent and have a penchant for challenge. that is the reason the Indian IT industry is widely respected around te world.

let me also bring to ur notice, even if the country may see a manufacture boom, sooner or later in this regime, only jobs which have high level of application as well as sophistication is only going to come by with the cheaper jobs going to China and other places. i have full faith in the systems that we have in place,only some places need tweaking. therefore, i personally feel that India ca grow with the knowledge based sectors as backbone for growth.

[vamsi0077]

Well this is the way a forum is supposed.. very active.. tons and tons of ideas pouring in.. ( Contradicting ones )...

Put up ur views on The Nuclear Pact b/w India and U.S as well..

Cheers
Vamsi

[vamsi0077]

Originally Posted by shark07

But i would like to bring to ur notice that we Indians are very intelligent and have a penchant for challenge. that is the reason the Indian IT industry is widely respected around te world.

l. therefore, i personally feel that India ca grow with the knowledge based sectors as backbone for growth.

Well talking abt intelligence.. i absolutely agree that INDIANS are probably the most intelligent ppl in the world... well but the infrastructure and the quality of educational institutions are not upto the mark.. there is lot of scope for improving the educational infrastructure.. to groom the highly intelligent ppl of INDIA we need good educational institutions.. of course we hav some IIT's, IIM's and NIT's..but i thnk these r not sufficient and the infrastrurcture even in this reputed colleges is not upto the mark...

Cheers
Vamsi Krishna

[Mohit102]

Originally Posted by vamsi0077

Well this is the way a forum is supposed.. very active.. tons and tons of ideas pouring in.. ( Contradicting ones )...

Put up ur views on The Nuclear Pact b/w India and U.S as well..

Cheers
Vamsi

I see Nuclear pact b/w India and US as a try from US quarters to get involve India's Nuclear as till now India's Nuclear program was isloated one and developing wihtout any help from US side.....

Impacts of it...

1. US must have now realized that it is be no longer possible to ignore India's nuclear program.. THat must have bring US to discusision tables.
It will help us in getting an authentication to our nuclear weapon programs and a well deserved status of Nuclear Weapon State.

2. It will give us a chance to participate in joint effort of developing Theronuclear reactor by international community.

3. Will help us in getting Uranium and other materials essential for development of reactors that would hellp us in achieving our ever increasing electricity demands.

4. Obviously will bring India even closer to US.

5. Will improve India's overall status infront of the world.

Things should be taken care of..

1. While opening our facilities to International Atomic Energy Agency for inspection, we have to careful about the selection facilities to open.

2. Also we should be especially cautious about the US attitude and not blindly increase our dependence on US that it becomes impossible for us to step back.

Lots of work still needs to be done by our side in form of further negotitions with US and other developed countries.

It would say it is a positive development for our side and if this opportunity utilised correctly, it will bring us way much closer to achieving many objectives for which our govenment has been working endlessly...

Mohit

[shark07]

Originally Posted by vamsi0077

Well talking abt intelligence.. i absolutely agree that INDIANS are probably the most intelligent ppl in the world... well but the infrastructure and the quality of educational institutions are not upto the mark.. there is lot of scope for improving the educational infrastructure.. to groom the highly intelligent ppl of INDIA we need good educational institutions.. of course we hav some IIT's, IIM's and NIT's..but i thnk these r not sufficient and the infrastrurcture even in this reputed colleges is not upto the mark...

Cheers
Vamsi Krishna

we are in consolidation phasae and soone or later we will emerge champions. it is this faith that is driving me.