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The mining industry in Australia is failing

December 2013, 12
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An Indian who is a fund manager and holds a masters of business administration degree, Manoj Wanzare stated that the best bet Australia had was to start risking its income growth in different sectors as the mining industry is Australia is dying slowly.

visaThe 37 year old Indian, Manoj Wanzare has the exact qualifications that the Immigration department of Australia is singling out visas to. These type of initiatives taken allow a lot of increase in productivity and also a demand for people with these skills, and this will make the economy rise by three quarters of a percentage point than what has happened in the last decade.

Manoj Wanzare, is a senior portfolio manager at the Plato Investment Management Ltd company which is based in Sydney and he had moved to Australia 6 years back. He said that a migrant rides a cycle faster. All migrants have to speed up and run harder to be where they are.

Australia has opened its doors to Immigration, and because of that more than 28 per cent people are born here who are overseas people from their countries population, a record broken after the 19th century. He said there are racial tensions and environmental challenges but Australia's population will double to 46 million by 2075 and it ill surely be more developed than Japan also, Japan will lack behind in the future than Australia.

Glenn Withers, who is the professor of economics at the Australian Nation Uni and has also helped to create the points bases system to assess potential immigrants said that people need to create new industries now as mining is fading away, cause that's the only way we will be able to make up to the underpinning of the Australian standard of living.

The Chinese and the Indians have beaten the British by the number of people who have entered into Australia. The nation has been transformed now from its policy of White Australia which was got in by the federation of 1901 and in 1973 it had become nonoperational.

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