Frst of all thnx 4 the initiative taken by Dr. Manmohan Singh(The then Finance Minister).Nw if we look at the last happenings in India , We can Say that India can Achieve 9% GDP, these are Sensex Boom ( Supported by Indian Investers and FIIs) , Rupee Appreciation , FDI Boom , A lot of Merger and Aquisitions , and many more ... These stories are never going to end . But Whether we will achive this , there is some doubt raised by many people and according to me they are rgt in their doubt , As We r facing a lot of bottlenecks like Infrastructure problem , Political problem , Reservation , and so many. Many people are still in their way to think for their own benefit and this is harming as a whole nation.If we really want to achieve or ant to see our country to achieve 9% or even 10% GDP Growth then we will have to take some Strict desicions supported by all political parties and we will have to think as whole nation and for its benefit. If we do it , I m confident enough to Achieve 9 or even 10 % GDP Growth. If we have a look at the proposal of Eleventh Five Year Plan Proposal we find a ray of hope to do better than the last one like This time We have trippled the allocation of GDP towards Education, Double to Infra Development. But one thing ,I feel, missing was the allocation to Health Sector.Planning Commission has not increased the allocation to one of the most important sectors despite having the warning from several reports . But for achieving 9% Sustainance
And therein lies the underlying danger. The growth is simply a reflection of the dependence that the unsustainble US economy has on Indian and Chinese economies. We both are serving to keep the prices in the US in check and, in turn, the dollar still floating. So long as the idiots manning the US in every area manage to hype and plain manipulate public opinion everywhere, with I must say not a little help from similar idiots everywhere else, this charade will go on. Does anyone realise that the US economy, and the government there, depend entirely on the rest of the world to even meet their day to day expenses. The current deficit that the US runs, including the burgeoning trade deficit, is of the order of some 80 trillion dollars? Juxtapose this vis-a-vis the size of the world GDP, around 43 trillion dollars; The financial derivatives markets worldwide, essentially an illusion of wealth and money, has ballooned to over 350 trillion dollars. When the payday arrives, boom, it will feel like we are all inhabitants of Pompei.
This is clearly dependent on the infrastructure.All the other skills are available.But physical infrastructure is likely to be a bottleneck.Unlike China,India cannot force anyone to give up his lands or clear an area rapidly.So it is a question of persuasion and incentives and how well the policy behind them is structured
1a. Inefficiencies in our GOVERNMENT at all levels.
1b. They too need to be strictly accountable wrt each of their outputs, else there are many takers for their positions, I am sure.
3. More WATER means better AGRICULTURE output, needless to say that this sector too needs to improve extremely fast, using modern technology & automation, like it is in the USA, where only 1% of US population is now needed in feeding the whole of America !!! In comparison 70% of our population is involved in agriculture in primitive ways, even in this modern age.
4. EDUCATION to village children means education of villages from grass-root levels, means there future generations are very likely to give importance to education in their lives as everybody wants to do better than their predecessors. So educate one and effectively you start a chain reaction over the years.
RE:We also need to improve the following.......for a 12% growth in 2 years....
by Paramesh Waran on Jan 28, 2007 01:05 AM Permalink
The US is a dysfunctional society where Coca Cola is more important than water and results in 73% of Americans being diagnosed as water deficient. Let us not look to those a**h**** for a roadmap to develop our society. There simply is not enough fossil fuel, for one thing, to enable us, China and every ambitious economy in this world to reach the level of the US and, not to forget, the chicanery of the the forebears of that society.
1. CREATE MORE EMPLOYABLE PEOPLE for the IT firms, as indicated by CEO Balmer of Microsoft. I hold the same view very strongly, even before he had addressed our people in N Delhi & Mumbai. The government should start pre-job training institutes in a very big way IMMEDIATELY for freshers, else we will loose out to China in the IT sector also.
Please take that as top priority absolutely, as that constitutes & will surely ensure the forward march of the driving wheels of our great country India.
I know you have initiated this process already, but I would say, please URGENTLY hasten it up, else, India will loose out to competitors, anytime.
2. CLEAN WATER SUPPLY : I feel it is very important to have clean & sufficient water supply. Why don't we seriously think of MERGING OF OUR RIVERS in a very optimized, cost effective & scientific ways.
3. EDUCATION : Pay extreme stress on education for the minor children in villages. Make basic education COMPULSORY, if they cannot work as minors below 18 years (which is perfectly good), offering incentives as jobs. They may be the ONLY bread winners for their families which we must realize. We do not want them to get into a crisis in the shortrun too, else it will not be a smooth seamless process in general, for the transition. Give them protected job incentives, in which children can enjoy work in a permissible way without any exploitation.
4. ENERGY : Why don't we promote ONLY electric cars particularly & ethanol hybrid cars in India ? Please take URGENT steps to proceed in that direction. This way we can immediately curb our petroleum consumption, atleast on the roads. You will need to provide sufficient charging stations all over India, for that to be successful, where you can get replacement charged batteries. Anyway, the average dirving speeds in India within the cities is not more than 70 km/hr.
Our country is more like Europe, in the sense, our development is more in concentrated areas, such as our metro cities only. Hence, we do not require fast cars most of the time anyway. So even slower electric cars would suffice, in that sense.
Pollution levels would also drastically reduce and thus is much more healthy due to much less smoke dust flying around in the cities. So a quadruple benefit !
5. INFRASTRUCTURE such as FASTER trains & 4-6 lane road building............we have already started, should be quickened a great deal more, to be able to maintain our targeted 9% GDP growth rate.
I forsee at least an easily achievable 12% GDP growth rate in the next 2 years ONLY if these steps are taken sincerely & very quickly !
RE:India can have a 12 % growth in 2 years but it needs to do the following.......
by Suraj Subramanian on Jan 18, 2007 01:44 PM Permalink
I believe the government should stay out of higher education and let it be handled by non-state players. they should concentrate on funding primary education if you do not have good base schooling funding higher education will do no good.
RE:RE:India can have a 12 % growth in 2 years but it needs to do the following.......
by Pushp Shah on Jan 18, 2007 06:32 PM Permalink
I would agree to what you say, only if the quality of education is of high quality with much better than the cheap municipal schools that we have, which are less than sub-standard in every respect at the moment. In that we have much better results from privatized schools. Govt. should only provide sufficient grants to the private schools instead. They are good at providing that administrative part only, which make private high quality schools affordable for the poor also, which would quickly uplift them.
9% is nothing great with the relatively low base and a pretty sound econnomy 9% is definitely possible but the main problems that will be hinderances are
1.) infrasrtucture india needs to build world class ports roads airports and power plants etc
2.)reform the rural economy doesnt mean remove subsidies let them be in place but only the agri.subs remove the rest and use modern technology for better yields
i am optimistic of more than 10%growth only if india takes some concrete steps to increase the contribution of agriculture sector which is still growing at a meager rate of 3%.
India can acheive easily a growth of 12% plus. But our government officials and politicians have to work to their capacity and fight corruption and should show interest in stepping up the infrastructure facilities in India. Today we talk of china's formidable trade with all countries in the world. But we dont have the infrastructure like that of theirs. example: The shipping port in Shanghai handles more cargo than that can be handled by all the Shipping ports combined in India. So we have to raise our capacity in everyfield. Right now our growth is due to domestic economy. If we simultaneously concentrate on both domestic as well as international trade we can easily acheive great percentage of growth. Hope our government takes sincere efforts towards this which will benefit us. But if the politicians are busy filling up their pockets we could go nowhere....
