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Showing posts with the label Economy


After the invasion of Alexander in 327 B.C., there was a period of confusion and anarchy in ancient India. The country was consists of numerous self serving Kings. People were loosing nationalistic pride and forgetting proud history of their ancestors. Country needed a leader of exceptional ability and vision. A person capable of bringing back enthusiasm and new life to the people. A person to lead them to resist the cultural invasion by the Greeks. At this time of need, a man came forward. He was fearless, compassionate to the poor and evil to the deceit. He never forget his purpose, live a simple life, uninterested in high position, and accomplished his purpose. He was Chanakya . Chanakya lived during the period 350-275 B.C. He was the mastermind behind the creation of Maurya Empire. He is also known as Kautilya . His given name was Vishnugupta . He wrote Arthasasthra , a book about statecraft and economic policy and Nithisastra , a book about ideal way of living for every individu

State of Indian Economy

Indian economy is growing fast in last few years. Growth of 9.0% in 2005-2006 and 9.2% in 2006-2007 in GDP. The share of agriculture in GDP is continuously declining and is 18.5% now. The share of industry(26.4%) and services(55.1%) are increasing. Services contributes 68.6% of overall growth in GDP in last five years. Contribution of industry is less than half of the contribution from services. But industrial sector growth is 10% in 2006-2007. At the same time service sector grows 11.2% and agriculture sector growth is only 2.7%. What is this numbers means? Two-third of the population of India living in rural areas and depends of agriculture. The recent growth in economy did not improve their lives. Investment in irrigation, better seeds, better yield and productivity gains are required to revitalize the agriculture sector. The growth of electricity, gas and water supply is only 5 to 7 % in last five years. That is not good enough for an economy growing at this pace. But the growth in