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Suggested by : Roy madam
Roll No. 609
2013-14
M.I.E.T. GONDIAName: Pankaj Tembhare
[IS SWADESHI RELEVANT FORINDIAN ECONOMY IN PRESENTSCENARIO]
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Today our world is facing a crisis in relation to
its economic conditions. We are nearly close tothe first decade of the 3rd millennium. Until very
recently this decade was experiencing aneconomic boom. The index of the equity market
arose to as high as 21 thousand. There washope of endless prosperity everywhere. Then
suddenly a financial crisis started in August2007 in United States. The United States
economy is mainly a credit economy. Peopleborrow lots of money from banks for investment
in houses, cars and for many other purposes.They used to earn good wages and were able
to pay back regularly and the system went onwell.
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The loss of balance started when manyborrowers lost the jobs. Repayment of loans
was delayed. The banks lost their cash liquidity.One by one all the banks were closed. Further
loss of employment followed. From 2008 alladvanced economies namely United States,Europe, and Japan went down in recession.
Crisis passed on to all sectors. Demandslumped. Production plunged. Job loses arose.
Credit market remained still. The world tradecontracted substantially and it collapsed in
2008. Export from major exporters likeGermany, Japan and China fell by about 35%.
As a result of all these, widespreadunemployment and social stress occurred. We
are now passing through the 1st majorrecession after the great depression of 1930's
in the last century.
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Foreign investors invested a huge amount of
money in India’s co -operate sectors. Externalfinancing is so deep in India’s economy. Whenthe recession began foreign investors withdrew
their amount here to secure their positions inthe home. Foreign remittance from gulf
countries also slowed down as the oil prices felland the gulf countries went down in recession.Exports demand to United States, Europe andthe Middle East has fallen. Many sections of
people became jobless. In the German jewellery industry itself it is said that three
hundred thousand people lost jobs. Areas ofconstruction, transportation, trade, tourism andhotel industries have all been affected by the
global depression. Migrant workers fromBengal, Bihar, Orissa and Assam also face loss
of employment.
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Corruption of Indian leaders results in great fall
of our Indian economy but we are also not
aware properly for this issue. we are selecting
the people for leadership which are not eligiblefor their job and persons which are able, we are
not selecting them. This is one of the major
problem with us and indirectly we are also
responsible for decreasing our economy.
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Some people have recently started a campaignto make India 100% swadeshi. They want that
our industries, technology, education,healthcare, language, food, dress : everything
must be swadeshi.
: We too respect great Indian spiritual culture.But, there are two aspects of this : individual
and political. We think every individual shouldbe free to choose his or her lifestyle (such asfood, dress, religion etc). Even Indian culture
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never forced its ideas on any individual ornation in the past. As to political aspect, we
have to discuss merits or otherwise of aswadeshi economy.
A company makes profit only if people buy itsproducts at the price fixed by the company. So
let people decide whether they want to buy
such products or not. If these products are bador inferior or expensive compared to goodsmanufactured by Indian companies, people
would not buy them. Besides, foreigncompanies bring in a lot of capital, new
technology & new management techniques;they generate a lot of employment; give better
salaries to their staff than Indian companies do;pay huge amount of taxes.
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If Ayurveda, Pranayam and Yoga can cure alldiseases, the whole world would start following
it. Why do you demand that government shouldban Allopathic science and permit only Ayurveda. You just sell your idea vigorously : if
there is a merit, it will be accepted by themasses. Then automatically, there would be
more demand for Ayurvedic doctors and peoplewill start studying your Ayurveda all over the
world. Then allopathy would die a natural death.
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Many of the handmade indian things which we
can use proudly like handmade clay pots which
are made by our makers by their own handhaving so much designing. we can also use
indian traditional clothes having attractive
designing made by our indian designers. we
know that indian things are costly as they are
handmade but by purchasing this not only wecan help to increase our economy but also we
can help to increase the level of our country in
economic point of view
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We can use many of the swadeshi things like
many of the foodstuffs ,mobiles,beauty
products,soaps,medicines,etc.which are somuch hyeginic and also very interesting .By
using these we can ultimately increase our
economic condition.
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The model of development that India used has
not worked. The GDP of India has increased but
this is an extremely flawed measure of progress(Anialski et al, 2000). The trickledown effect has
not worked. The majority of the people in India
benefit very little from industrialization. And
they all lose when the Swadeshi model of
development is rejected. India, and the rest ofthe world, should look at Gandhi's philosophy of
Swadeshi to guide our economic and political
decisions.
To reject foreign manufactures, merely because
they are foreign and to go on wasting national
time and money in the promotion in one's
country of manufactures for which it is not
suited would be criminal folly and a negation of
the Swadeshi spirit."
This happened because the three main interest
groups with political power backed Nehru
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(Baviskar, 1999). The capitalist merchants and
industrialists, technical and administrative
bureaucracy, and rich farmers all wanted rapidindustrialization because they stood to
personally benefit from it. Because these
groups had power Swadeshi was disregarded
and a model of rapid industrialization was
adopted, to the detriment of the majority of thepopulation of India.
Use of swadeshi Products is the only way to
improve our economic condition we can increase
our economy condition it is in our hand by using
swadeshi products and avoiding foreign products to
secure Indian money……….