research essay (Global Capitalism)

Blurred Lines: India and Capitalism

In a pre-colonial India there was a caste system, a system built upon the social inequities

of the community and its people. Individuals were identified by a specific position accompanied

by an equivalent occupation that would define their worth as seen by others and the societal

expectations or lack there of, that followed. The introduction of capitalism saw the decline of the

caste system as the predominant form of social division of labor. Caste lines blurred, new

education, and industry on the rise, capitalism was in full motion in India. According to the

Trading Economics global website, India’s economic growth rate has strongly increased after

dropping to a low of 5.7 percent in a three-year time span from April 2017 to June 2017. This

may come as a superb surprise considering India is one of the biggest countries – alongside

China- that are well-known for being big capitalist countries that excel in trade, manufacturing,

and other goods and services. Knowing how sufficient the country is in trade as well as business

aspects, we are essentially “promoting” industrialization by capitalizing India. In the late 90s, the

country went from being predominately mixed to being a capitalist economy.

Although India’s economy seems to be growing at a rapid pace, there are still problems in

the country that are yet to be addressed despite the growth rate rapidly increasing with more

goods being traded, as well as an increases in businesses and jobs for those who are capable. As

we all know per the saying “The rich become richer and the poor is even poorer”, India

represents this saying the most in which many of the economic aspects of the country are fixed

on inequality. Many of its residents are living below poverty rates/lines. The housing rates have

gradually decreased, revealing the realization of one bedroom homes, and employment rates

have drastically changed within the country as millions are considered “illiterate” and are not

accommodated by businesses are others who are manufacturers. Those who are not considered to

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be disabled or illiterate usually migrate to other countries and well-known areas for labor or to

receive an education so that they can become employed to provide for their family members.

In spite of the positive economic growth that capitalism has introduced into the Indian

society, it has also created opportunity for expansion of violence, oppression and manipulation

throughout the country.

Annotated Bibliography Taborda, Joana. “India GDP Annual Growth Rate (1951-2017). “Trading Economics. August 31, 2017. Assessed September 05, 2017. http://tradingeconomics.com/india/gdp-growth-annual. T h i s a r t i c l e g r o u p s t h e e c o n o m i c g r o w t h r a t e o f I n d i a f r o m 1 9 5 1 t o 2 0 1 7 . T h e a r t i c l e h i g h l i g h t s t h e i m p o r t a n c e a s p e c t s o f h o w I n d i a ' s e c o n o m y e a r n s g r o w t h b y t h e u s e o f t r a d e , f i n a n c i n g , b u s i n e s s e s , s e r v i c e s a n d g o o d s , a n d m a n u f a c t u r i n g .

The proposal asserted some good arguments and a worthwhile direction for the paper but fell short of assignment expectations. The proposal had an abrupt and muddled conclusion, and the bibliography is missing two of the required three sources for this part of the assignment. 65