A positive outlook for economy has many things in common with your anatomy – your body weight vs flab and good vs bad cholesterol in your body . While , the US boasts of a global outlook with scientific temper , innovation and entrepreneurship and a positive population growth post the baby boomers retirement , India boasts of a young profile for 60 percent of its population with an annual growth rate of over 8 percent for its economy . Both Europe and Japan are negative in its population growth while scoring on other factors .
Productivity is another important determinant of economy and most of the third world countries suffer from poor productivity – with China , Japan and South Korea bring notable exceptions . In order to jump start an economy , a country needs to focus on its productivity and elimination of waste both wasteful processes and wasting scarce resources . Energy conservation and a free market access also facilitates economic growth .
A democratic set up with transparent governance and a political system with adequate safeguard against corruption is essential for any national economy to grow and prosper . Educating the masses and giving them good health care and right to property is also necessary for social security and enduring economic health .
The current unrest in the Middle East , the Jasmine Revolution , Arab Spring etc have come about due to the opening up of the global economy and due to the spread of information and knowledge because of the internet and social media . This trend will continue not withstanding the road blocks on the way from countries like China and Iran .
India and the US are both favorable placed in this aspect and can hope to leverage the good factors mentioned above for a robust growth in their economy .