Their major agricultural products include rice, wheat, oilseed, cotton, tea, sugarcane, potatoes; cattle, water buffalo, sheep, goats, poultry, and fish. And their major industries include textiles, telecommunications, chemicals, food processing, steel, transport equipment, cement, mining, petroleum, machinery, computer software.
India currently exports petroleum products, textile goods, gems and jewelry, software products, engineering goods, chemicals, and leather. They also import crude oil, machinery, gems, fertilizer, and chemicals. Tata Motors, part of India's largest corporate group Tata, will also be one of the largest car manufactures in the world.
Regardless of India's economic growth a 2005 World Bank Report stated that 42% of Indian people are underweight and that the country ranks 2nd in the world for their number of children suffering from malnutrition.
http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/0,,menuPK:476823~pagePK:64165236~piPK:64165141~theSitePK:469372,00.html
given these statistics it becomes clear why there are many developed countries vying for a piece of the Indian pie. A bit like the Ferengi,unfettered capitalists, with markets galore and especially 800 million people to sell to. But as pointed out,the growth of the market however does this address the disparate development of ordinary Indians. Any theories about this?
ReplyDeleteWell the consumer drives the market, as always. So there will be other parts of the world moving around the country. This is because India is becoming part of the capitalist economic system, and obviously take part in our worlds globalization.
ReplyDeleteUnderneath or above all of this I'd say that Indian people, and Asian people in totality, do want to see themselves as three dimensional people being recognized as whoever they want to be. All people do; But as they become part of capitalism's vernacular they're going to be challenged to not become, or imitate, the orientalist perceptions established by the west hundreds of years ago. So as they become part of the globalizing world they have the opportunities to be who they want to be. But at the same time they're going to be exposed to the pitfalls of the west, which we've all seen from time to time. It's more so a time for them to remember history, and their traditions, so that they can navigate through the temptations and opportunities with the constant principles of what makes India be India.