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Why we may return to Swadeshi economics?
by mallik reddy on Aug 07, 2007 05:48 PM  Permalink 

Point on 'need for reducing indirect taxes' is well made.

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Every Country has its own History,Politics & Economics-Unless India adopts its own economics it will and shall stagnate
by MSUBRAMANIAM on Aug 07, 2007 05:34 PM  Permalink 

The Chartered and ICWA institute shud change the British Concept.
Have Railways really turned the Corned- The Metal Buffalo is huffing and Puffing and coming like a Raging BULLSCAM
Because of 250 years of British slavery our entire Economics is polluted- It is only 4-9 percent of the People enjoy the fruits of Western economics and not all because the western economics is not Applicable- Why Japanese are far ahead-They have not destroyed their Economics infrastructure- which is its culture and thinking- Two atomic Bombs did not change it but 250 years of Slavery and Last three and half years of Italian Slavery is ruining India.Now our Nuclear Capability is getting blunted and coming under the American slavery- this is what Europe and USA was instructed by the Hidden Hand and being implemented by the Italians in India- Classic example - Very Simple- Shri APJ -why was he rejected- because of AGNI Missile Programme- which the Europeons were fearing as it would hit their Missile Industry and that is exactly why The Italian Women was deputed for and this vicious thinking took Birth in DECEMBER 2003-During that period Karunanidhi- thought said to have his party standing for elections- where as elections in TAMIL NADU WHERE OVER IN JANUARY 2004 itself- which CEC is not responding when all facts given to him=This may come in the Honorable Supreme Court shortly.
JAGO BHARATH- BEFORE THE NATION IS DESTROYED.

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Export lead growth has infact raised imports and consumption.....
by Anuranjan Mohnot on Aug 07, 2007 05:21 PM  Permalink 

India was having consumption based growth till 1990...however due to heavy dependence on Crude oil and petroleum products it suffered from serious balance of payment situation in 1975 and 1990-91....
This tought India to go for Export lead growth....Since if you are so dependenet of Import (particularly Oil) than export lead growht cannot be avoided....
The Export lead growth infact has boosted Indian economy beacause of :
1. Better efficiencies achieved by better technology.
2. FDI.

The article is irrelevant in Indian Context.

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Return to swadeshi economics
by subramanian subramanian on Aug 07, 2007 05:17 PM  Permalink 

I fully endorse the view expressed from a logican point of view.
1) No worrey on exchange rate.
2)Foriegn counties can not tell us what to do and how to do.
3)Export subsidies are eliminated.
4)Govt to adjust tax/duty for better internal consumption.
5)All import then can be at any customs duty so that our import reduses.


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makes sense
by jaison mulerickal on Aug 07, 2007 05:08 PM  Permalink 

especially in the light of recent fallout of US mortgage market and in the wake of the predictions of the USD collapse, the article makes sense.

WE may have to become another US! we can do it, we got the scope and strength.

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