Businessman in India are not following the right path.The reason might be the wrong economic policies of central government ,not conducive environment to do business, stiff competition from neighbouring countries especially china.
What I found disturbing is that every other businessman is doing trading business.He is either importing goods from china and supplying it to Indian Markets or he is supplying it to some other countries.Manufacturing business is simply eroding ,this is what we found in this fiscal.Only big market players like reliance,Tata are into manufacturing.
Not surprisingly, Growth of the manufacturing sector slumped to 2.7 percent for the quarter ended Sep 30, 2011, as compared to 7.8 percent during the same quarter of the last fiscal.India's industrial output contracted to minus-5.1 percent in October 2011 slipping more than expected thus aggravating my fear.
If small-scale businessman disappears from Indian economy then what is the benefit of Globalisation for India.I think we are presenting ourselves to the lion's mouth and I dont think Lion will give second thought to it.........
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