Does Valentine's day make Economy more efficient!

Valentines day creates market for flowers, chocolates and diamonds on a single day in the whole year instead of spreading it all over the year. Valentines day is nothing more than yet another commodity market, which works in much smaller time period. This should make the whole market more efficient, as tulip and rose farmers can grow more of them right before Feb.. Diamond merchants can spend most of their ad-spending right before valentine's day and so on.

I can't imagine how many roses and chocolates will go rotten if everyone celebrates their own day of expressing affection. Everyone is better off.. Well, except that people lose the surprise element.

Did India lose golden oppurtinity in getting rich for good?

India waited more than decade after china entered globalized markets. This made Chinese people richer and bettered their living standards. There is growing sense of "protectionism" in richer countries and that free markets don't have right solutions for "manipulation" of currencies by countries with trade surpluses.

However, protectionism would not even work for rich countries. Just like how Britain's economy collapsed after second world war when they turned protectionist. There will probably be a reversal of protectionism in a decade from now. Unlike the impression being portrayed by media, US has by no means turned protectionist under Obama administration.