Economics in India

Everything you'd want to know about the Indian Economy

India's Past

Caste System

The caste system consists of four castes (Varnas); Brahmans, Kshatriyas, Vaishiyas, and Shudra. There is also Untouchables, but they aren't even in the caste system and get the worst jobs. The Brahmans are the priests and are at the top of the caste system because the caste system is runned by religion. Therefore, it would make sense for priests to be at the top of the caste system because they are the closest to the gods. The Kshatriyas are the warriors/rulers of India. The Vaishiyas are the merchants, traders, and professionals. The Shudras are the peasants and laborers of the caste. Since the Untouchables are below the caste system they do the worst jobs like picking up animal poop. In the caste system, the lower caste people weren't allowed to become a higher caste in their lifetime. Also, people from any caste couldn't socialize with people in another castes.

Source: India's Caste System and Guided Reading

The Role of Traditional Indian Women

A woman's job is to help their husband perform his/her duties. This includes taking care of the whole family. They also had to have children as well as educate their children and do whatever the in-laws tell them to do. So, they had no time for themselves. Once the husband dies the wife would "lose their status in the family and suffered from many disabilities."

Source: Role of Women

Pictures of the Caste Systm and Women' roles

Telemarketing and Outsourcing!

Recently, India's economy has been doing really well and has been getting stronger. The reason for this is telemarketing. A lot of telemarketing companies in the U.S. have been firing their workers here in the U.S. to move their companies to India. They do this because they can pay workers less in India than they have to do with workers in the U.S. This process is called outsourcing. Telemarketing in India is becoming one of the best jobs to get in India which is a really good thing for their economy. Although outsourcing might be good for their economy, it is a very bad thing for the United States economy. This is because with outsourcing becoming popular, more and more Americans will be loosing their job everyday. So, is outsourcing a good thing or a bad?

Source: 30 Days Video

Indian Culture has officially been globalized!... Wait!... What!

Indian culture use to be very simplistic and uncomplicated. But since the Indian Government has no limitation to its own economy, it welcomed American business into India’s own mainstream markets. With that the American Spirit becomes contagious to the old fashioned Indian culture. The Indian spirit is now an ambitious and competitive environment where books at the bookstore are Stacked with titles called “Indian Renaissance” and “India Booms”.

Indian culture has been seen around the world and affected many civilizations. Indian culture has influenced a lot about the fashion and entertainment industry around the world. One example was Selena Gomez being intrigued with the rich and wealthy Indian culture and fashion sense incorporated into her music video wearing traditional Indian clothing and wearing the controversial bindi (the decorative mark Indian women put on their forehead).


India has changed both economically and politically!

One economical change is tearing down old buildings and replacing them with modern buildings. Even though they may be changing/replacing them, they still are traditional. For example, they still have brick-making. When they make bricks they use traditional materials like mud and leaves when starting to make bricks.


Since India had their freedom with their economy in the 1990s, it gave in to the American consumers where they had recently welcomed Starbucks and Amazon into the Indian Economy. This is an example of American globalization where the culture thus gets affected and molded by the fast growing international economy mainly by American business. Currently, the new Indian generation has even harbored American idioms. Like, the younger generation is starting to call people dude, whereas the older generation is sticking with the traditional terms. Now Indians instead of speaking, Hindi (the official language of India), the younger generations normally converses in English using American slang terms.


Is there a possibility for India to become a Superpower?

Superpower means "an extremely powerful nation, especially one capable of influencing international events and the acts of policies of less powerful nations" ( India can become a powerful nation AKA a superpower. India has one of the largest democracy in the world. Where India has its own independent judiciary system and incorporates ingenious private enterprises, as opposed to China’s own capitalism. With India’s predicted growth development in its political and economic approach, India can soon be ahead of its Chinese rival to be the next superpower country.

India is one of the biggest technological capital in the world. Most of the United States main headquarters of their enterprises are based in India. Their leading universities and other high tech firms are a beacon of light to build India into a strong and successful nation where countries throughout the world depend on India for.

India takes bold moves on a benevolent approach as making many, however empty, promises and programs that benefits the citizens of India on every class level from the poorest of the poor to the richest of the rich. To make the government plans follow through, many movements have been started. One example is the political provocateur, Kisan Babura, which led many hunger strikes where many citizens followed behind him. This Ghandi-style approach to help build a more perfect society in India as showed to be the most effective for the citizens to gather for the government to fulfill their promises. Therefore, India has the potential to become a superpower.

All found from: Spiegel, Erich F., and Padma Rao. "India at Crossroads on Path to Superpower Status." ABC News. Trans. Christopher Sultan. ABC News Network, 9 Sept. 2012. Web. 5 May 2015