Economy, on Thinking

The best way to look at one's ownself is through his or her eyes... I mean through a third person's mind. That must be the reason, why Indian perspective had many corners to lit my soul up, while in Japan....

I am not a literate of economy; neither have I understood commerce that well. But, being a part of the society with large economical dimensions, I can feel it in me.... quite strongly! Hence, even though not everything that I express here can be stated correct, it certainly reflects my personal understanding of the facts and a deep faith in the future.

India is a developing country according to the books..... but I feel it is more than that.... it is not only a developing but also an evolving country at the same time... why?

USA Economy:

Despite being world's largest economy, I have absolutely no feeling for it. Though I accept, the "survival of the fittest" and the "everything is fair in love and war", as two basic rules of progressive life, I can by no means understand "war" as a means of progress. It is more like hindi filmy heroes... they may not be that great, but all others around them must be sub-nominal in existence. USA economy boomed as an effect of Second World War, which was a mere chance. But, even today US economy is growing on war and suppression principle. US economy is the economy of wars. It will certainly take a while to stagnate this economy, since even today US natural resources are under-used. But, will never be a stable one.

European Economy:

This is the economy of colonial exploitation. Though most of these countries suffered in World War II, they could stand-up again partially because of colonial back-up. Unfortunately, European countries have very limited natural resources.

Eastern Economy:

This is economy of oil. The special importance of oil in world's economy hiked them to a developed economy status, without giving any time to understand the value over price. The day oil wells dry or world finds an alternative for the oil, they will be back to the same state as their blank past.... unfortunately, they couldn't utilize their financial security to reform themselves. May god help them.

Japanese Economy:

I have a deep respect for them. In spite of the fact that there is zero natural resources on this isolated island, it is the second largest economy in the world. It was the need for survival, which drove them to today's prosperous existence. It is mainly the economy of need. Unfortunately, this economy has seen stagnation quite earlier than expected. Resource-less-ness, their isolated self-sufficient culture and perhaps less control over global decision making (as an outcome of world war II Japan was not allowed to maintain any kind of military services).

Indian Economy:

India economy had no constraints like need for existence. Neither had it had colonial back-up. Indeed being a colony itself, it underwent a sudden economical suppression in the pre-war II era. Indian economy was always the economy of tolerance. It surely will take a lot of time to grow up into a developed country, because of the over-population and poverty stresses. But, the growth being steady, it will always give us enough time to understand it... use it and plan it (unfortunately, we still suffer mainly in the implementation part of the plan).

I think there are two factors for a good growth in the economy. A proper understanding and planning of the secondary sector, which mainly includes services, is necessary for the growth. On the other hand, opulent natural resources are needed to add the stability at every stage of the growth. India always had the later.... but now, it is realizing the importance of the former, mainly because of unreliability of the later.

Despite, passing through a very adverse conditions, Indian economy is now growing with the rate of 8% per year, which is remarkable and I feel great proud to be a part of it. May be towards the end of 2020, we will see a completely different India…. A completely different world