Quick Wealth Network

Will india always remain a developing country or ever become a developed country?

Due to the big population, excessive democracy, poor political, legislative and judicial will, india seems to be lagging behind in terms of wealth creation. Wealth is being polarised and is not spread to the people accross the geographical spread.

Public Comments

1. World goes gaga over India Global entertainment and media firms look for a piece of the Indian media pie as the market booms. Global media and entertainment firms are racing for a piece of the fast-growing Indian market and the pace will quicken because of new technologies in India and tougher restrictions in China. Recent deals include Viacom Inc.'s venture with India's TV18 Group, News Corp.'s regional content deal with Balaji Telefilms and Disney's purchase of UTV Software's Hindi-language childrens' channel. With a pick-up in consolidation globally, India's buoyant economy, resurgent advertising market and the rollout of new technologies in broadcast and distribution augur well, said Adam Thomas, media research manager at Informa Telecoms & Media. "With China perceived as increasingly inaccessible to media companies, global giants looking to enter a big market full of potential are instead turning to India," he said. China last year tightened restrictions on foreign control. While there are limits on foreign investment in India, too, its advertising revenues grew 23 percent in 2006 -- faster than any other market in Asia-Pacific -- and are likely to expand 18 percent in 2007 to about $4.9 billion, Media Partners Asia said. "The opportunity to grow is enormous in India, given that consumer spending on entertainment is increasing and new technologies allow firms to monetise their investments better," said Smita Jha, a principal consultant at PWC.
2. every country needs its time. india has always had a culture of hardwork, and now that the economy is finally opening up, the country is getting richer. The real proceess of development has just started. yes, right now it does seem that the economic progress is only reaching the rich, but the poor will also benefit, perhaps not as fast as the rich. new markets are opening up and new jobs are beng created. as for politics, we can never have a 100 percent corruption free government, but as the corporate sector expands, the honesty and non corruption seen in it will certainly affect the governments atitude. 50 years ago, america's government was in a similiar situation. the future is bright.
3. India will certainly become a developed nation in the near future as the China will be. But the time span will be at least, not sure, 50 to 60 years. The reason is that during the last 15 years since the era of Manmohan Singh when he was the then Finance Minister and started using the terms of globalization of economy and liberalization. Now the sun is shining on our side. But I would like to warn you that recently in USA a book entitled 'Nostradum Code' is released in which he predicted that there will be World War III between 2007 to 2012. He predicted that an anti-christ dictator from Iran will attack at Mediterrarian country ( Italy or France) and from there the world war III will be started. He also predicted that USA will be vanished with floods and other kind of natural disasters. So my dear friend if the world does not collapse within next five years then there are all possibilities that India will be a developed country.
4. no. think 1977 and see 2007 - it is becoming one of the most advanced country before 2017 - we are not developing country
5. The term developed country is so broad to be use as a description for India, Yes India is considered one of the richest and influential country in terms of economics power, but the anomaly with India is the economics gap between its population, You have the richest of the rich and the poor of the poor
6. You better go back and check the financials. India, and China have two of the fastest growing economies. And that means wealth creation. India has a vast pool of highly educated, English speaking people. They are already starting to get their government out of the way and growing rapidly. Look at the stock markets for Indian companies. They are moving up and fast.
7. i dont know if any country is developed because far as i know, every country is still developing, just some have developed financial markets better than others.
8. our economy will be big by 2020 but for other aspects of the country such as infrastructure etc it will take up to 2050
9. The poorest among the developed countries has per capita income of US $ 15,000 plus, like South Korea ( the United States of America has over $40,000. As against this, India's per capita income is only $800. So, India will not be able to become a developed country in another three/ four decades. It will remain one of the largest but among the poorest of countries in the World for quite some time. The problem is not population or democracy or natural resources. The problem today is one of getting rid of the pseudo-socialistic attitude and pervasive govt. domination over all walks of life that were cultivated since 1947. Unless we get rid of this disease inherited from the past, India is doomed to remain always developing. Till such time India remains developing, the Govt. and politicians make the most. So, they won't allow India ro become developed. They do not like Indians at large to become wealthier and independent. People of India will remain dependents of the Govt. and the political leaders. Unfortunate for a 100 crore+ nation.
10. no no... by the simple rule of History repeating itself, India and China will become global giants
11. India has the dubious position among the UN countries - poor infrastructure, high corruption, high population growth (sometimes exceeding the economic growth rate), anti-nationalist politicans running the country, polluted air and water, lack of good sanitation, inept judiciary, - with all these, how can you expect india to be developed nations - You are just dreaming.
12. we are at learning stage,we do so many mistakes, and leaned from it, our country is a very big one, we have so many issues to solve, it takes some more time, our growth is non stopping one
13. we are devlop contry its depent on how we see
14. At the risk of oversimplification.... India is unlikely to change. There will be a huge influx of capital and jobs will be created (read transferred) there, because of cheap labour. The nature of the Indian poor will likely stay the same though and they will miss out on much of the boom. The rich will continue to be rich, the poor will continue to be poor. The social infrastructure will still be crappy. The Ganges will still have 10,000,000 people a day bathing (and god knows what else) in it. There will be more cars on the road though, move over sacred cows....