Economic History and Current India Essay

There invite been recent studies of the stain little history of the rescue of india where it is assertable to ananlyse where india stood its place in past and where it is currently held. Paul Birog made a thorough analysis of Asian countries gross domestic product frugal development of 1750-1918 where surprisingly the findings in 1700AD drawn economic statistics of manhood . China had 32. 8% gross domestic product where as as india had 25% . UK at that time had 1. 8% gross domestic product along with 1% GDP in USA.By the time of 1900 at that place was a total reversal of paradigm shift where US and UK had GDP growth of 41% whereas China and India suffered 1. 7% GDP over each. The western look for shows that india was a economic giant . London economist Angus Madisson in 1990, one of the greatest British economist of all in all time was prescribed by the OECD nations to verify Paul Birogs question along with contrastive levels of assistances from assorted countries. Eve ntually in 2010 he published a 2000 year economy of India where it showed from 1AD India topped thed world with 34% GDP.Still in 1000AD it had 28% GDP. In the years 1500 and 1600 china overtakes india. Again in 1700 india overtakes china and finally the entire crash of the Indian economy began later in 1750s where the british colonial overlords landed in the country and started looting the country and exploiting its resources. The OECD website refers in the world economic history and millennium perspective lists out all these information which have been quoted before. It is one of the most trusted and relied upon website to refer to the statistics of the world economies.Although the word rescript is absent completely in western orderliness where Margaret Thatcher said in 1971, that there is nothing called as family. And today all the western accepts today is the alternate version of so called civil society. direct civil society is totally different from the tralatitious society where it toilette be suggested that it is a form of anti society. Civil society which is the current western trend is based on social contractual system, which all the institution are based including out democratic governing where each citizen is recognized as co-citizen in country sooner than vernacular brotherhood based society.For eg. In USA, in Philedelphia, a Son roll in the hay file a case against his own father for divorce of kinship and can achieve his claim since there is no cultural society, it is a civil society where 2 people are viewed as co-citizens rather with any blood and brotherly relationship. The complete western understanding, their institutions, sociology, individualism, constitutional theory of west does not recognize normal basic gracious relationship. hardly whereas our Indian society has always been working entirely on human relations since the ages of time where india showed a colossal economic superpower with traditional society.Today since Ind ian government which is puppying or so the western ideology survive to realize that they are taking the economy of the nation into a huge catastrophy. In 1993, when Manmohan Singh was the finance minister invited jagadish bhagavati a neo economist from USA, who make the entire Duncan WTO treaty for the situation crisis in india with its economic situation. He suggested that the line with Indian people is that they are saving more than need which comes around 23%GDP,out of which 19 % GDP were only saved by Indians.His talk over included to bring down the savings of the people by different means of taxations and other techniques to 9-10%. Out of which this 9 -10% should only be focus on food, shelter like basic needs and increase productions by employing more people and made a whole theory mold on that. His theory on Indian situation stated that unless you pulverize the family saving of the Indian people and bring it down to half of it, there was no chance of development. He a lso made a research on the Indian families that Indian woman played a rattling role in taking hold of the savings of her family expenditures.So his ideas proposed to transfigure the mentality of the reserved family woman to consumer based woman where she can be advertised to spend more of our money and change the family structure symmetrically in Indian society. In western society there is no propensity to save money assets, thus as a result many families are destruct. Today 51% Americans are single advance family, out of which 41% children are innate(p) to unwed mothers, 20% born for school going children. 51% of the American people are open on government foul on life insurance, health support etc. where as Indian people have always been pendent on society.Moreover the western economy is build on contractual interest based constitutional society which has led to time betray ticking economy is USA and other European countries. Today the limn scenario has changed the entire habitual thinking process of the people in India. They have a huge affiliated love towards the western society and its features less realizing the suicidal catastrophic and destructive features of its empire. The govt. in India always claim to be globalizing with the world barely in reality, india is Americanizing by focusing only on American economic model.There are other traditional society based economies like Japan and Germany wherr they instead of manipulating the crowd, they motivate their savings in their family and encourage only the financial institutions to put up money in trades of stock market. There is a huge commonality between the german or Japanese structure of economic history of rich cultural based society which our country could have adopted for the people but current democractic model is partially by the people but it has abominably failed to be for the people by inviting the civil society in our country.Indian economies,constitutions, institutions,sociology, p hilosophy, education etc all are based on the government economic blueprint of those same people who looted the country, colonized it and consequently destroyed the Indian GDP. CONCLUSION There are fraternity based economic models in this world with which we share commonality and our ideas should be to have a wider understanding of the world with whom we relate culturally and socially and only then our economic model can be aligned to them to achieve successfulness and serenity in our country.