Extinction of balanced economy

Modernisation is part of a changing society. During 80’s India used to be an under-developed nation where many foreign investors & observed the scope of investment growth. India was a shattered economy before independence & was dominated by the British empire used to be called as East India company that India was rich in food grains & useful crops which was a most attractive hidden treasure for non-Indians. After independence, India was still struggling on employment, industrialisation & agriculture platform. After 1950 agriculture started becoming steady in production & supply. India was always an alluring factor for overseas humans and no entity was that powerful to drag collapsed economy. Development of agricultural production by 20th century has overcome the lifestyle of citizens belonging to India. After the implementation of FDI policy & relaxation has improved it a lot. It has dragged an opportunity of ITES, BPOs, KPOs & much industrial growth. Privatisation has helped in developing infrastructure of residential, commercial & agriculture & has eventually made fruitful opportunities available for citizens. India has massive development in transportation as well after 1951. During 1950 India formed roadways infra for 0.3999 million km which later by 4.70 million by the year 2015. Automobile sector also established appreciating growth in a couple of years & has grabbed the attention of foreign automotive companies to settle their brand in the Indian market.

Even after appreciating economical growth today technology has created a challenge where country every now & then face recession breakdown. Jobs are getting freeze due to substitution of technology. It may be an extinction of Man dominated developed economy & very soon become Technology oriented economy. The advanced a technology country owns more it will be powerful.