INDIAN ECONOMY IN CRISIS
by omkara on Fri Mar 28, 2008 7:11 am
"Before 5 months 1 CAN $ = IND Rs 32
After 5 months. Now it is 1 CAN $ = IND Rs 37
Do u know this, INDIAN economy is in a crisis - As you are all aware ! INDIA like many other ASIAN countries, INDIA is undergoing a severe economic crunch. Many INDIAN industries are closing down. More than 30000 crore rupees of foreign exchange are being siphoned out of our country on products such as cosmetics, snacks, tea, beverages...etc which are grown, produced and consumed here .
To save our future………
What you can do about it?
1. Buy only products manufactured by WHOLLY INDIAN COMPANIES.
2. ENROLL as many people as possible for this cause.
This is the only way to save our country from severe economic crisis.
You don't need to give-up your lifestyle. You just need to choose an alternate product.
All categories of products are available from WHOLLY INDIAN COMPANIES.
"
SwordFish_13 Replied:
"Hi,
Brilliant; if you don't mind -- where did you go to school for the finance?
Another Left Wing Communist .... This is just silly and retrogade. It brings back just the mindset that brought us economic ruin for 40 years.To quote Deng Xiaoping, "what does it matter whether the cat is black or white as long as it catches the mouse ?"
In other words, money is money. Indian economic growth is what matters... and Bottom Line is Growth has never been faster
we need to understand Gandhi's Swadeshi Movement is over.... Look at Chinese Economic Model if you need a Proof that globalisation works or why Not Look at India Before and After we Started the Economic Reforms.......Second it was only Globalisation that we see the Kind of Development we see around us.... Would have been Un- imagineable without Globalisation.."
Rocker2000 Pitched in With his Support for SwordFish_13
"Well said Swordfish i don't know (omkara) how old are you but in your childhood have you ever imagined getting to see all the international channels on your tv set or for that matter using the latest gizmos which are released in US and Japan in India. let's take the best example can you imagine so many jobs the BPOs are offering to the indian youth ??
So boycotting the MNCs will only harm our economy not boost it!!!
U have to understand that we have to compete with global players to beat them. Why do you use a Lux instead of Cinthol? Ponder over it !! becoz the quality is better and this is the simple but bitter truth. so the indian companies have to come up to global level to compete with them."
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