I w as born in In that same year, I had my cultural and mystical awakenings. During my second year of college, I had my first existential crisis and a paranormal event changed my studies from science to business. I s till held my energy dreams, however, and ineight years after that first paranormal event, I had a second one that suddenly caused me to move up the coast from Los Angeles to Seattle, where I landed in the middle of what is arguably the greatest attempt yet made to bring alternative energy to the American marketplace.
This had far reaching impacts on all spheres of life in India. There can be no concrete conclusions about their impact on Indian people. This turns out to be more of an ideological debate like capitalism vs Socialism. But there is no doubt in the fact that those reforms were unavoidable and very compelling.
They had no option, but to fall in line to new unipolar world order dictated by USA. South East Asian economies also reformed their economy and started engaging more with global economy. These along with China, pursued export led growth whereas Indian economy still relies almost wholly on domestic consumption.
Note changing Sectoral composition of India economy since independence Composition — Services — Steady significant Increase was more marked after reformsIndustry — Less marked increase stagnated after reformsAgriculture Significant Decline Patterns in the above graph explain inequity of Indian growth story.
As per principle of economics, when a particular sector performs disproportionately higher than average growth rate, economic wealth starts concentrating into that sector.
In this case that sector is Service sector. Within this sector, highest growth is marked by sectors such as financial services, Real estate services etc. Consequently, Growth of past decade was limited to upscale areas of the countries as almost whole service industry, operates from these areas.
Majority of India got spillover or trickle down growth from here.
This accelerated migration to urban areas. This in turned created array of social problems associated with urbanization. It fundamentally changed pattern of Indian Society. Now we have ultra-modern and ultra-primitive society coexisting and conflicting with each other.
Undoubtedly strongest revolution of new century has been one of Information Technology, which started in last years of past century. This revolution was different because it made globalization even more obvious and stark.
It made possible transfer of real time human labor across nations, without transfer humans themselves. Further, it erased all boundaries which hinder free flow of information.
This has benefited sharing, nurturing and development of knowledge in societies which earlier had access only to substandard or non-updated information.
As always package is coupled with some grim realities too. Governments all across the world has lost their capacity to regulate and ward of against malicious, false, sensitive information and content.
Rise of Islamic State demonstrates that, IT revolution has helped development of global Terrorist links more than anything. Other things apart, it is clear that reforms led to crash of economy inwhich was remedied by LPG reforms which were quite more comprehensive.Agriculture, as we all know, is the backbone of any country.
For example, the major population of India is working as farmers accounting for around 16% of the total GDP.
This ratio is enough to say that India is highly dependent on its agriculture as a huge amount of land is used for it. Agricultural Reforms in India "Agriculture is the backbone of Indian economy" - this is a statement which epitomises and defines the importance of agriculture in India.
The issue of our topic is tightness in rubber supply in Malaysia. The natural rubber production in Malaysia is declining recent years. The. The history of California can be divided into: the Native American period; European exploration period from to ; the Spanish colonial period, to ; the Mexican period, to ; and United States statehood, from September 9, (in Compromise of ) which continues to this present day..
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