Business Daily from THE HINDU group of publications
Friday, Aug 07, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, Aug 07, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Opinion
-
Letters Differentiation amplified “An economy different from US” (Business Line, August 5) amplifies how ‘Bharat’ is distanced from the modernity of ‘India’. It also highlights that the growth in spending in India is always less than the rise in income. This savings behaviour is ingrained because of the cultural trait, absence of social security and cautious attitude as in an underdeveloped country. The culture of preferring to hold stocks will grow once the corporate sector grows and urbanisation takes roots but the extent to which such growth takes place may be limited in India and Japan because of the Asian way of life. Savings are invested in assets of traditional recognition. Whatever might be the degree of capitalism and reform measures introduced as economies move to a higher growth trajectory, the basic traits based on social and cultural backgrounds will govern economic behaviour. Nonetheless, while several things get introduced as economic reforms in the system, the uniqueness of Asian economies like India’s will persist, with all their differences. K. U. Mada Mumbai More Stories on : Letters | Economy | Financial Markets
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2009, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|