Showing posts with label Economic. Show all posts
Showing posts with label Economic. Show all posts

Friday, October 26, 2012

India - Economic Development, History and International Relations

India and Indian civilization have played a extensive part in human development, world history and international relations. With roughly 1. 2 billion humans, India is the world ' s largest democracy and second largest country by nationality. In recent decades, rapid economic growth and globalization have led to higher breathing standards and greater integration with the world economy. From 1980 to 2010, India ' s Human Development List ( HDI ) rose by 62 percent, and life faith at birth in India else from 42. 4 to 63. 7 years from 1960 to 2008.

Economic Growth, Development and Mega - Cities

India ' s rapid economic growth and development is accompanied by the dramatic rise and growth of so - called mega - cities. Tribe across India and other developing countries flock to cities and urban areas in search of greater occasion and higher conscious standards. The fruits of their labors and the economic advantages of cities ' financial, human and social capital help fuel India ' s development and urbanization.

India will have more than 68 cities with populations of more than one million people by 2030, and more than 40 percent of Indians will live in cities of greater than one million people by 2025 according to the McKinsey Global Institute.

Indian Society, Culture and Language

India ' s society is organized by a hierarchical caste system of four tiers: priests ( Brahmins ), warriors ( kshatriyas ), creators of wealth ( vaishyas ) and laborers and peasants ( shudras ). A fifth group has long been excluded from the formal caste system for performing dirty jobs that previously branded them as " untouchables. " Mahatma Mohandas Gandhi was a leading champion of the poor and untouchables, whom he renamed harijan ( " children of god " ) and also go by the term dalits ( " the oppressed " ). Economic development has gradually chipped away at some of the rigidities of India ' s class structure.

India is an ethnically and linguistically diverse country. As of 2001, 29 languages were spoken by more than one million people in India, and more than 122 languages were spoken by at least 10, 000 people. India ' s primary and secondary official languages are Hindi and English, respectively.

History - Colonization, Independence and Partitioning

India ' s commercial opportunities attracted companies from Portugal, the Netherlands, England, France and Denmark. The most famous of these outfits, the British East India Company, was chartered by Queen Elizabeth on December 31, 1600. By 1668, the British East India Company had leased the enclave of Bombay. The East India Company ' s settlement at Fort William eventually became Calcutta ( present - day Kolkata ).

British forces succeeded in putting down the so - called Indian Mutiny or First War of Independence, which began with their own Indian soldiers revolting against the cow and pig grease used on new rifle cartridges. India officially became a British colony in 1858 when the British army put down the rebellion, and the British crown assumed administration of India.

The resistance of Mahatma Mohandas Gandhi and Jawaharlal Nehru of the Indian National Congress to British rule eventually led to the Government of India Act of 1935. India finally achieved full independence when the Indian subcontinent was officially partitioned into the separate nation states of India and Pakistan on August 15, 1947.

Politics and Democracy in India

India became the world ' s largest democracy when it adopted universal suffrage ( right to vote ) for all adults in 1951 following the enactment of the Constitution for India ' s " Sovereign Democratic Republic and Union of States " on January 26, 1950.

International Relations and Foreign Policy

India ' s relationship with Pakistan plays a key part in India ' s role in international politics and security. The uneasy relationship between India and Pakistan can be traced back to the post - WWII partitioning of the India subcontinent, ongoing territorial disputes, particularly over Kashmir, and divided cultural allegiances between Hinduism and Islam. The goals of maintaining peace and stability and preventing any escalation of nuclear armaments guide many countries ' foreign policies in the region, particularly those of the U. S. and other highly developed, western nations.

Monday, October 22, 2012

Marcus Asay And Economic Development

The economic development next segment comprises varied development programs and policies, which plays a leading role in the capital as well as financial arenas. Hereafter, pecuniary policies have been ascertained as the sententious procedures needed to forward for economical planning towards development models. The overall development rule entirely depends on the assortment of different countries and in which classes and segments, they belong? The categories are defined as either intermediate countries, highly developed countries, and less developed countries.

The different categories and development processes highly impacts the economical development of a country. According to Fajardo, he has stated that Economic development is defined as a progressive and liberal process of improvising human conditions like unemployment, inequality, eradication or reduction of poverty, illiteracy, exploitations and diseases. To understand and acknowledge more about the economic development, it is a fundamental interaction of distinctive factors. For example, to invest in a rich harvest per hectare in your targeted and designated cattle farm, it needs varied inputs to be combined together like insecticides, technology, fertilizers, irrigation, and several other things. Like wisely, economic development process combines various factors together.

Similarly, the development has been based and categorized on the classification of different countries. And, as stated above, the categories are either highly developed less developed or intermediate ones. Quite similar to the problem of humans, there is a famous saying that if there is a problem, definitely there is a solution for it. This development process also gives loads of information and strategies recited by several countries belonging to different continents that how they have used and performed in gross domestic products and gross national commodities to raise their economical status. Along with having the feedbacks and reviews in the world history, the segmentation of countries and their individual strategies for economic development processes, they are based on their economic status development processes employed in the past.