The analysis is based on wrong assumption". The US crushed Japan & then rebuilt it and found Japan was beating them in their own game. US surely did not like it but could not stop its growth. Same is likely to happen for India and China provided character of their people are as strong as the Japanese. Natural wealthwise, Bihar is richer than Japan. But is Bihar anywhere near Japan? It is the character of the people that makes the difference. There is no dirth of talent in India, which is being proved by our youth who are studying or working abroad Same talent would have been rotting if they did not go abroad. Indians are buying foreign companies on a regular basis and barring Tata and Birla, most of the big houses have amassed wealth in one generation which is not a mean acheivement. But all these are getting nullified due to corruption. The whole subcontinent is corrupt, hypocrite, violent and intolerant. People of small character can never acheive anything big and that is our problem and nothing else. The bulk of the population is corrupt, not the politicicians alone.In 16th century, the three super powers were Turkey, India and China, when queen Mary was wooing these countries to allow UK to do business with them, which was finally allowed during Jehangir's time. After Aurangjeb's death in 1707, Moguls did not have a strong emperor and that resulted in rampant corruption and we all know the rest of the story. In 1790, our share of world's GDP was 27% & that of UK -2%.
Many Indians misuse democracy. Indians worked better under British rule than under democracy. In colonial times many railways were built. In free India, only one railway has been built - Konkan railway. Why? Bcos, democracy sucks. The government official will do whatever he wants, even all the wrong things, and he can't be fired from his job. Only Lord Yama can take away the job from a government servant. Even the PM can't fire a corrupt government servant. Actually they shouldn't be called government servants. They should be called "Kings in their own right". There are still some places in India where the Congress Party has never lost a seat eg. Andamans, Belllary, etc. For staying in power forever in these areas, has the Congress Party done anything for these loyal voters? The Andamans & the Bellary region are amongst the most backward areas in India. Everyone knows Laloo is corrupt. State departments didn't function in Bihar. Bihar police force was like a private goondas for Laloo. Is this how democracy works? People should be empowered in a democracy. Goondas like Laloo should be out of power in a democracy. Democracy should mean people's power. Jai Jawan, Jai Kisan! Jai Hind!!
Most of Indias elected representatives swear by certain ideologies, including economic concepts, more because of their allegiance to parochial and tribalistic political parties and leaders with a narrow vision, rather than because of a keenly developed sense and understanding of the logic and dynamics of the subject. Economics is one such area. It is this lack of understanding, which makes them skeptical of businessmen and their success. Consequently, they have tended to grab and hold on to responsibilities they do not know how to fulfill. It, therefore, becomes necessary for a few apolitical and knowledgeable leaders like Dr. Manmohan Singh to educate the public on economic strategies and the countrys economic growth.
One may argue that democracy has done little for poor India, except to keep her divided, backwards and poverty-strcken - a case of too much politics. As for Asia's dominance, I would not hold my breath. America, including USA & Canada is a huge landmass, and already the largest economy, with huge unatapped natural resources and huge, growing market with a growing population to match, and already has an edge in every conceivable sector, so no Asian economy is likely to eclipse her anytime in the near future. Ditto for The EU. Russia, also has a huge landmass, untapped natural resources and a growing economy - China and India both may surpass her in terms of gross GDP, but in terms of per-capita, the average Russian citizen will be way ahead of their Indian and Chinese counterparts. And don't forget the South-American trio - Brazil, Chile Argentina - they are also growing real fast-like.
HOw true and apt is the statement! Politicians are intrerested in protecting and promoting themselves, protecting and providing for those who stand by them, be they terrorits, economic offenders or tormentors of innocent public. In the case of an UCB in Mumbai, some politicians belonging to the ruling party go miles to protect the very people who brought the bank down by mismanagement and misappropriation while over 67000 depositors are languishing.
RE:Politics not Economics.
by mahesh on Mar 29, 2006 04:45 PM Permalink
that is not correct, i do not agree with that. indian economy is low,media is showing wrong data. how can we say that indian economy is growing,we are depending on US for everything,we need their assistence in IT,Agriculture. no country will allow to develop other country by helping them ,with out any intensions,they can't do any help. we should not depend on any country even if we need development,we must utilse our resources and the preperence must be given to indians only.
