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yet another essay.now its starting to get boring.read on...

“Even a tortoise comes out of its shell to make progress.” A comment on this statement in the context of the Indian Industry.


Once a laggard is not always a laggard. The Indian industry was like a tortoise in its shell before the liberalization of the 90’s. Our economy was a closed one with tight government regulations for the industry. The protectionist policies of the government did not encourage the local industry to rise up to world standards. The tight regulations killed entrepreneurship and did not allow local businesses to grow at a fast pace.

All this changed with the opening up of the economy. Instead of being killed by foreign competition, Indian industry rose up to the challenge and made a mark for itself on the world stage. In sectors like I.T and B.P.O ect our companies became world beaters. Other sectors too have grown at a rapid pace. Our industry has become more and more competitive and is now increasingly looking at foreign markets. Similarly other economic indicators like the growth rate, forex reserves etc have improved considerably. We are now among the biggest and fastest growing economies in the world. Our image of an economic laggard has been shed and our pace has become faster than ever. Once a tortoise, we have now come out of our shell to become a tiger.

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