The present days are forever defined by the ones that came before: the world is an echo of its past deeds, the revelations that shifted slowly into modern certainty. There can be no element of life that remains untouched by change; and the economy is no different. It is an always evolving experiment – an exercise in funds and philosophy. It reflects both the wealth of each individual country, as well as their social reforms and political upheavals. The tribulations of a nation determine the abundance (or subsequent failings) of its markets.
And Indian economics is proof of this.
There have been few countries that have experienced the rapid changes of power and policies more than India has. Throughout the centuries it has been warred over by foreign influences, was a catalyst for the Age of Discovery, was forced to submit to colonial rule (where it became a victim of greed and a lacking concern), nearly crippled itself through insular planning and rose finally to become an independent economy. The decades have been frantic – if not also a little unsure. History has marked the area as one of the most remarkable, as well as one of the most resilient.
Since the beginnings of noted time within the east (from 2800 BC), India has been an undeniable force within the world. Its seemingly infinite collections of natural resources, willing populations and ideal proximity to trade routes branded it an early necessity. These were the rewards of the early years – but those same rewards eventually sparked conflict, inner-turmoil and a near destruction of the entire financial system. It is only within the recent decades that the country has managed to reinvent itself.
And such reinvention will be recorded for the years to come: offering explanations of free markets, strengthened employment rates and a rise in profits. Indian economics is changing – as it always has.