India’s Road to Development and the Future Sustainability of the Econom

This classs theme for Young Economist Students Meet (YESM) is Reviewing Indias industrial enterprise Problems and Prospects. According to me, such a theme for a students seminar is very applicable at this point of time because it has been 65 divisions since the countrys independence and India is emerging as single of the biggest and fastest growing economies of the world. in that location ar very cosmosy obstacles still which hinder this growth and on that point are an otherwise(prenominal) aspects of the Indian economy that are greatly advantageous. So, assessing the line of industrialization in India and the future of the country is very much disposed(p) in todays context. Now, Indias industrialization can be divided into three periods, i.e. the pre British era, British era and the post British or modern industrialization era. Before the advent of European countries in India, India was famous for its handicraft products and large scale production of cotton wool, silk , dyestuff, jute, etc. Indian artisans were excellent at making metallic jewelry, household products and various other items. In fact, towards the end of the 18th century, India emerged as bingle of the major transaction centers in the world. However, all this was to change once the Industrial Revolution was triggered in Europe. Factories in England were producing machine made cloth and these were much cheaper that the handmade endemic ones. As a result de patchd for products of Indian craftsmen drastically declined and they in short ceased to exist. The deindustrialization of Indian industry was what followed. This process was further propelled by the colonization of India by the British. The strength of the Indian industry lied in its capability of producing cotton and other fabric materials and exporting it. When the Briti... ... This is highly damaging to the environment and the politics in order to promote sustainable development must carry out policies to curb such emis sion levels.Economic sustainability is a global extend face by all countries. How long can earths resources sustain the ever-growing demand of the masses? Unless, efficient and sustainable means are adopted, all of the natural resources are going to get exhausted. India has gone from an rustic economy to one that is characterized by one of the highest growth rates. However, such a change has brought about problems in the form of income inequalities and environmental degradation. Hopefully, in the overture years, the country will learn to combat these obstacles and emerge as one of the economic giants in the world.Mother Earth provides enough to satisfy all(prenominal) mans need but not all mans greed-Mohandas Gandhi. Indias Road to Development and the Future Sustainability of the EconomThis years theme for Young Economist Students Meet (YESM) is Reviewing Indias industrialisation Problems and Prospects. According to me, such a theme for a students seminar is very applicable at this point of time because it has been 65 years since the countrys independence and India is emerging as one of the biggest and fastest growing economies of the world. in that respect are very many obstacles still which hinder this growth and there are other aspects of the Indian economy that are greatly advantageous. So, assessing the course of action of industrialization in India and the future of the country is very much relevant in todays context. Now, Indias industrialization can be divided into three periods, i.e. the pre British era, British era and the post British or modern industrialization era. Before the advent of European countries in India, India was famous for its handicraft products and large scale production of cotton, silk, dyestuff, jute, etc. Indian artisans were excellent at making metallic jewelry, household products and various other items. In fact, towards the end of the 18th century, India emerged as one of the major traffic centers in t he world. However, all this was to change once the Industrial Revolution was triggered in Europe. Factories in England were producing machine made cloth and these were much cheaper that the handmade natural ones. As a result demand for products of Indian craftsmen drastically declined and they concisely ceased to exist. The deindustrialization of Indian industry was what followed. This process was further propelled by the colonization of India by the British. The strength of the Indian industry lied in its capability of producing cotton and other fabric materials and exporting it. When the Briti... ... This is highly damaging to the environment and the organisation in order to promote sustainable development must go across policies to curb such emission levels.Economic sustainability is a global bother face by all countries. How long can earths resources sustain the ever-growing demand of the masses? Unless, efficient and sustainable means are adopted, all of the natural resou rces are going to get exhausted. India has gone from an countrified economy to one that is characterized by one of the highest growth rates. However, such a change has brought about problems in the form of income inequalities and environmental degradation. Hopefully, in the advance years, the country will learn to combat these obstacles and emerge as one of the economic giants in the world.Mother Earth provides enough to satisfy every mans need but not every mans greed-Mohandas Gandhi.