• UID's Two Tier evaluation Result for Admissions 2024-25 is out! Check you registered email ID for further action or call 9266663225 for more information.
  • UID Admissions 2024-25 NRI/NRI Spons./ Management Category Application Window is open now! Click Here to apply- Call 9266663225 to know more.
  • UID Admissions 2024-25 General Category Application Window is open only for BFA/BFA (Hons.) and BSc./BSc.(Hons.) Filmmaking Click Here to apply- Call 9266663225 to know more.
  • KUAT (Karnavati University Admission Test) Admissions 2024-25 Application Window Open Click Here to Apply- To know more call 9667048555. KUAT Examination Date-27th April,2024 (Saturday)
  • Ph.D. 2024-25 Admissions Open Now! (July 2024 Batch) Click Here to apply +91 9033001244
  • MBA 2024 Admissions open Click Here to Apply – call – 7574811135 / 7227035143.
  • B.Tech 2024 Admissions Open. Click Here to Apply- Call +91 7574811135
  • KU Admissions FEE Payment Click Here
  • Karnavati University invites applications for teaching positions Click here for details
  • Two-Day National Conference (Hybrid Mode) on Research and NEP, 2020: Current Trends and Future Prospects Register Now

Story of ‘Consumption’

  1. Home
  2. »
  3. One Minutes Read
  4. »
  5. Story of ‘Consumption’

Story of ‘Consumption’

Story of ‘Consumption’

India is reaping benefits of economic liberalization project initiated in the year 1991 by then Prime Minister Mr P.V. Narsimha Rao and his finance minister Dr Manmohan Singh. Our society has progressed since by accepting Competitive Market Economy; followed by strategic movement away from earlier adopted Socialist approach.

Open markets have seen huge investments in the country from various corners, domestic as well as international in the years followed by liberalization. Our GDP growth over past 28 years has seen consistent rise. Middle class has more disposable income which has propelled the consumption across various sectors both in manufacturing and services. Experts believe that disposable income and number of people in our country are enough to drive our economy, provided the fruits of economic liberalization were to trickle down to the lowest strata of our society, and if we can achieve fair distribution of our GDP growth amongst all sections of our society.

‘Consumption’ is probably the most important term for India today when we are looking at consistent growth at least in the upcoming decade. Increase in consumption can motivate industries to invest more in capital expansion as well as incorporating new technologies; and works towards innovation. These factors can contribute significantly to our growth.

Flipside of this argument is an age old practice of modest and austere lifestyle, which is prescribed by almost all cultures and civilizations, even Europe and Americas. Excessive lifestyle works against one’s individual growth and is perceived to be decadent to human values and society at large. One’s identity is to be constructed along the lines of these values, and anything that deviates from this is still considered to be ‘vulgar’.

How are we to reconcile the lacuna between these positions – consumption vs austerity? It is a paradox that society is benefitted from the very act it despises – based on civilization wisdom; and promotes and works towards something (consumption) which stands exactly opposite to what it perceives as general ‘good’ for individuals in a society.

Recent Post

Two-wheeler – Ergonomics in India

A two-wheeler is the vehicle of choice for most Indians in their daily commute to work. One major reason for

Dadi Pudumjee- An Indian Puppeteer

Puppets are one of the best ways to tell a story. They not only reach adults but also to kids.

Smart Investments in a Small Budget – Duplicate – [#5313]

There is a misconception that you need a large sum of money to make an investment.  There are certain smart

1 2 3

Announcement

  • UID’s Two Tier evaluation Result for Admissions 2024-25 is out! Check you registered email ID for further action or call : +91 9266663225 for more information.
  • UID Admissions 2024-25 NRI/NRI Spons./ Management Category Application Window is open now! Click Here to apply- Call 9266663225 to know more.
  • UID Admissions 2024-25 General Category Application Window is open only for BFA/BFA (Hons.) and BSc./BSc.(Hons.) Filmmaking Click Here to apply- Call 9266663225 to know more.
  • KUAT (Karnavati University Admission Test) Admissions 2024-25 Application Window Open Click Here to Apply- To know more call 9667048555. KUAT Examination Date-27th April,2024 (Saturday)
  • Ph.D. 2024-25 Admissions Open Now! (July 2024 Batch) Click Here to apply +91 9033001244
  • MBA 2024 Admissions open Click Here to Apply – call – 7574811135 / 7227035143.
  • B.Tech 2024 Admissions Open. Click Here to Apply- Call +91 7574811135
  • Karnavati University invites applications for teaching positions Click here for details
  • UWSL International Moot Court Competition, 2024 Register Now
  • Two-Day National Conference (Hybrid Mode) on Research and NEP, 2020: Current Trends and Future Prospects Register Now
  • KU Admissions FEE Payment Click Here