I recently found interest in reading Indian History books and Economic concepts. In the process few thoughts started flowing in my mind. And I thought to express the same with a positive note being a logical Indian.
We often complain that growth in our country is very slow, GDP is less blah blah blah. Often we don't realize or think how we can help in the growth of our country. Growth of a country is measured in terms of GDP. GDP is calculated on goods and services produced within a country in the span of a year. We can be part of growth in multiple ways if we give a thought about it. We consumers generally get attracted to imported goods for various reasons like quality,durability, brand name etc. As a consumer the thought is right. As a citizen who wants to see growth of the country we can give a thought while purchasing products. Buy and encourage products made in India(Includes native companies and foreign companies based in India). If the native products fulfill the need with acceptable quality, durability we should go for it. When a foreign brand and Indian brand with same features is given as an option many tend to go for foreign brands. That mindset has to change. Indian companies are deficit of huge capital investment. When we start buying more Indian products they will get better financially and in turn the manufacturer can innovate and make their products better in terms of quality, durability and thereby you will be part of creating a brand for Indian goods. When demand for Imported goods decrease more Indian companies come into market and there by competition increases and quality related issues will be addressed. And it has to be the responsibility of native companies to keep up the trust of supporting consumers.
And the reason we should give importance to manufacturing sector is mainly because it creates employment for plenty of people.
We often complain that growth in our country is very slow, GDP is less blah blah blah. Often we don't realize or think how we can help in the growth of our country. Growth of a country is measured in terms of GDP. GDP is calculated on goods and services produced within a country in the span of a year. We can be part of growth in multiple ways if we give a thought about it. We consumers generally get attracted to imported goods for various reasons like quality,durability, brand name etc. As a consumer the thought is right. As a citizen who wants to see growth of the country we can give a thought while purchasing products. Buy and encourage products made in India(Includes native companies and foreign companies based in India). If the native products fulfill the need with acceptable quality, durability we should go for it. When a foreign brand and Indian brand with same features is given as an option many tend to go for foreign brands. That mindset has to change. Indian companies are deficit of huge capital investment. When we start buying more Indian products they will get better financially and in turn the manufacturer can innovate and make their products better in terms of quality, durability and thereby you will be part of creating a brand for Indian goods. When demand for Imported goods decrease more Indian companies come into market and there by competition increases and quality related issues will be addressed. And it has to be the responsibility of native companies to keep up the trust of supporting consumers.
And the reason we should give importance to manufacturing sector is mainly because it creates employment for plenty of people.
In India unskilled labours are more compared to skilled. So manufacturing sector will help solve the need of employing unskilled labourers and help them obtain skills. Majority of the countries which gave importance to Industrial revolution are in good shape in terms of growth :)
We can't say no to all imported goods, but whereever a native option is available we should encourage it.
Hey keep posting such good and meaningful articles.
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