Leapfrog Economy
What is the best term to describe the Indian Economy?
Developing Economy,
Disparity Economy, what with the wide gulf between the rich and the poor.
Or is it a Leapfrog economy?
Reasons:
1. An economy graduates from Agriculture to Industrial to Services. We jumped from Agrarian to Services with minimal Industrial base.
2. Communication Industry grows from Postal to Landline to mobile. Without adequate coverage of Posts & Landline we have ubiquitous Mobile services.
3. Personal computing moves from Desktop to Laptop & then to Smart phones, for a majority of the population we seem to be directly jumping to smart phones and tablets.
4. Internet service moves from telephone line to broadband to wireless to 2G and then 3G. A maximum usage of Internet in India is likely to be using 3G.
5. In transportation its rail followed by roads followed by air. From rail we seem to be jumping to aviation as a preferred long distance mode of transport.
6. In Banking, from branch / teller based to ATM we may jump to Mobile banking for a majority of our population.
7. In retail from Banyas/ mom & pop stores, with minimal organized Retail penetration, we may jump to e-shopping.
Developing Economy,
Disparity Economy, what with the wide gulf between the rich and the poor.
Or is it a Leapfrog economy?
Reasons:
1. An economy graduates from Agriculture to Industrial to Services. We jumped from Agrarian to Services with minimal Industrial base.
2. Communication Industry grows from Postal to Landline to mobile. Without adequate coverage of Posts & Landline we have ubiquitous Mobile services.
3. Personal computing moves from Desktop to Laptop & then to Smart phones, for a majority of the population we seem to be directly jumping to smart phones and tablets.
4. Internet service moves from telephone line to broadband to wireless to 2G and then 3G. A maximum usage of Internet in India is likely to be using 3G.
5. In transportation its rail followed by roads followed by air. From rail we seem to be jumping to aviation as a preferred long distance mode of transport.
6. In Banking, from branch / teller based to ATM we may jump to Mobile banking for a majority of our population.
7. In retail from Banyas/ mom & pop stores, with minimal organized Retail penetration, we may jump to e-shopping.
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