AIDS: Slowing Down Business In India?
India's economy has grown buy huge proportions throughout the last several years. According to the article India: Success Tainted by AIDS from Business Week Online, India's Sensex stock index went to a five-year high in early March. This growth is at 6% a year and is estimated to reach as high as 9% by the year 2007. Information Technology Trade is growing by enoromous numbers each year. Over recent years, India has become the United States biggest trading partner due to the contraversial topic of outsourcing.
The economic success of India could come crashing down due to the deadly disease known as AIDS. India has 5.1 million people living with the HIV/AIDS and is projected to increase by 500,000 by the end of 2005. India is trying to stop the rapid explosion of AIDS with public educational programs. India faces a huge problem to fix the problem that was not even been recognized until lately so that the economic repercussions are not as costly to the economy. However, there are some people like Vinod Mehta editor of Newsmagazine Outlook, who says that the issue of AIDS in India has been blown way out of proportion. On the other hand, Alexander from the Gates Foundation says that the solution to AIDS in India is "education followed by 'community mobilization' to fight the scourge." He goes on to say that " Unless that happens, the worst-case scenario: Within a few years, India's soaring economy, burdened by the high human and financial cost of battling AIDS, could come crashing back to earth."
India's economy could be devastated by the huge number of people living with HIV/AIDS. It could seriously mobilize the economy on the finanical level due to the amount being spent on the educational program. India is also receiving grants and help financially by 18 different local organizations. If the problem can be slowed down and reduced there are no boundaries for India's economy.
In my opinion, this article is a good indication of how something big such as AIDS can effect a country going in a great economical direction. Alot of things can distrub or accelerate a countries economic welfare. India is a country that has alot of economic potential in the global arena. It would be a shame if they do nothing and let this problem spin way out of control which would have major repercussions for India's economy.
http://www.businessweek.com/print/bwdaily/dnflash/mar2005/nf20050314_2177_db039.h
The economic success of India could come crashing down due to the deadly disease known as AIDS. India has 5.1 million people living with the HIV/AIDS and is projected to increase by 500,000 by the end of 2005. India is trying to stop the rapid explosion of AIDS with public educational programs. India faces a huge problem to fix the problem that was not even been recognized until lately so that the economic repercussions are not as costly to the economy. However, there are some people like Vinod Mehta editor of Newsmagazine Outlook, who says that the issue of AIDS in India has been blown way out of proportion. On the other hand, Alexander from the Gates Foundation says that the solution to AIDS in India is "education followed by 'community mobilization' to fight the scourge." He goes on to say that " Unless that happens, the worst-case scenario: Within a few years, India's soaring economy, burdened by the high human and financial cost of battling AIDS, could come crashing back to earth."
India's economy could be devastated by the huge number of people living with HIV/AIDS. It could seriously mobilize the economy on the finanical level due to the amount being spent on the educational program. India is also receiving grants and help financially by 18 different local organizations. If the problem can be slowed down and reduced there are no boundaries for India's economy.
In my opinion, this article is a good indication of how something big such as AIDS can effect a country going in a great economical direction. Alot of things can distrub or accelerate a countries economic welfare. India is a country that has alot of economic potential in the global arena. It would be a shame if they do nothing and let this problem spin way out of control which would have major repercussions for India's economy.
http://www.businessweek.com/print/bwdaily/dnflash/mar2005/nf20050314_2177_db039.h
6 Comments:
At 6:39 PM, n scott said…
I agree with you, something should be done about this situation. I think the educational programs are a good start. Maybe with the help of more funding more programs can be introduced and help the problem with AIDS in India.
At 2:44 AM, starlet said…
I agree that it would be a mistake by not providing India with the necessary programs needed for the HIV/AIDS epidemic. It would be very helpful if every country contributed a little money towards the funding of these programs since the number of people infected is so high. These programs should be put into place to help save lives, even if it means financially mobilizing the economy. This would at least increase India's potential for economic growth.
At 1:00 PM, alabama said…
I totally agree, it's a shame that a growing economy like India is facing such problems. If the spread of the disease will continue, there is no question India will face serious problems. Education is the best tool to prevent the spread of HIV/AIDS, it has shown to be successful in the African countries where the number of people with the disease is scaraing but has decreassed because of education. Educating a whole nation is expensive but necessary and I think other nations should contribute a little to help.
At 2:23 PM, symonekayla said…
I think that this is a sad sitution. I also agree that if something is not done, it would be more tramatic than it already is. I feel like something can be done to help fund more programs to educate the people of this dreadful disease.
At 12:03 PM, skeeter said…
First of all, on the topic of outsourcing jobs to countries like India, it is good in one way and bad in another. Its good because major manufacturing compnaines can send their work over seas for a cheap price on products and labor and in return consumers get a cheaper price at the counter. But, we are losing jobs here in America, and thats not good. Outsourcing is just plain out a win/lose situation where you have to take the good with the bad. On the concern with AIDS in India, if their economy is getting all these job markets from other countries and industries, and their economy is growing so, why can't they take some of this money they are making and begin educational programs and seminars to help the people of India understand the causes and cosequences of the disease. If India would begin these educational programs to teach the citizens about AIDS, it could drastically reduce the number of people within the country to get infected. Like starlet stated, getting the information out to the citizens through programs is probably the best bet, no matter how much the cost or if it causes the economy to become financially mobilized, because they would using the money to try and save the lives of their citizens.
At 8:24 PM, AO2001 said…
Of course the problem with addressing a situation such as this is that the economic consequences are so far out of sight at the moment of sexual conjugaton. By this, it is meant that although people tend to know that AIDS is spread through sexual contact, they tend to ignore this when presented the opportunity for sex. This is especially true of poor popoulations.
There can be no doubt that to curb this problem a concerted effort by the government to provide adequate sexual education coupled with the distribution of effective prophylactics is necessary.
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