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A Continuous Decline In India, Without Modernization - Term Papers

A Continuous Decline In India, Without Modernization



Hypothesis: Modernization is the Key to economic growth for India. If
modernization occurs, then the economic status of India will increase
tremendously, even if the price India has to pay is a change in culture, and
tradition.
India has remained financially stagnant since its beginnings. One may
argue that non-modernization has plagued this sub-continent in economic growth
and development since early times. One may continue to argue that if
modernization occurs, India will achieve in many different ways, including
economically, socially, and nationally. In order for modernization to occur,
India must move from small scale industrialization to large scale
industrialization. If this ...

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a loss of culture and tradition; (2) probable
religious conflicts; (3) loss of caste; (4) social divisions; and, of course
(5) TAXES. With modernization, taxes will definitely increase for India to pay
for the new advances in industry and technology. Taxes are the primary means
for any government to raise money and support its programs. However, the
overall price that India will have to pay will be relatively small compared to
the positive changes modernization will bring.

When India became independent its leaders recognized the urgency of
strengthening the Indian economy. The leaders of new India were determined to
raise the standard of living, which was among the lowest of the major nations in
the world. Indian leaders agreed to establish a "mixed economy," which
combines the use of private capital and public in he development of industry,
mining and farming. If modernization occurs there will be change from
traditional order. The model of change assumes: (1) a ...

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A Continuous Decline In India, Without Modernization. (2007, January 21). Retrieved March 29, 2024, from http://www.essayworld.com/essays/A-Continuous-Decline-India-Without-Modernization/59067
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PAPER DETAILS
Added: 1/21/2007 08:00:30 AM
Category: Economics
Type: Premium Paper
Words: 891
Pages: 4

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