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A Continuous Decline In India, Without Modernization Beginning of Paper Hypothesis: Modernization is the Key to economic growth for India. If modernization occurs, then the economic status of India will increase tremendously, even if the price India has to pay is a change in culture, and tradition. India has remained financially stagnant since its beg .... Middle of Paper .... this process will result in the elimination of jobs done by local peasants. There are many additional prices India will have to pay to be able to modernize, including: (1) a loss of culture and tradition; (2) probable religious conflicts; (3) loss of caste; (4) social divisions; and, of course (5) TAXES. With modernization, taxes will definitely increase for India to pay for the new advances in industry and technology. Taxes are the primary means for any government to raise money and support its programs. However, the overall pr .... 891 words | 4 pages Subscription Length Price Join 30 days membership (recurring) $19.95 90 days membership (recurring) $39.95 180 days membership (non-recurring) $69.95