We have to change our attitude towards everything in life. Our approach must take a new direction. We have to grow from inside first. Nothing is impossible and can maintain our growth 10% atleast for 2o years. We are lazy Mirgandra Agarwal
We are overall on the right track, Pace could have been better but in democracy change is slow but is sustainable.
Human capital is one area that we need to concentrate and develop employablly skilled people at all levels and at every sector.
Second we need serious pace to boost infrastructure and IMHO we are quite slow to develop infrastructure at present.
And last but quite important is change the attitude of many politicians in state and centre to shed the divide and rule policy and work towards creating economic self dependence in the less privilaged parts of socity. Creating another division based on economic status has the potential to pull us back from growth.
May be Ambanis will get 900% richer and more equally powerful. So will Tatas, Birlas, Infosys and other super richs. And that itself will take away 8.99% of the growth.
As for a common man, he will continue to live in the hope that may be, possibly, may be a day will come when the benefits of growth reaches him in equal measure. Because what the successive governments talk about is growht with equity, or removal of inequalities. May be this wishful thinking becomes a reality. A day will come.
RE:Can India sustain 9% growth?
by Suraj Subramanian on Jan 18, 2007 01:40 PM Permalink
making money is not bad so dont blame the industialists for making money if they make maoney the shareholders make money if they make money a million people have jobs more people with good paying jobs means more people have money to spend means more poeple buying stuff means livelihood for the shopkeepers, vegetable vendors etc so better growth is beneficial for the common man only issue is that since he is at the end of the chain the growth takes time to get to him
RE:RE:Can India sustain 9% growth?
by Paramesh Waran on Jan 28, 2007 12:58 AM Permalink
Means, Indian economy reflecting the US state, means unsustainble deficits all around, means borrowing money to even run the govt.s affairs on a day to day basis, means a situation where the net savings rate is negative, means where everyone wants to live in a 3000 square feet condo with a swimming pool, means getting into debt without the repayment capability, means ultimate devastation. Let us face the truth, most of so called businessmen are nothing but crooks and have reached where they have, with the honourable exception of Tatas, Godrejs, Narayanamoorthys, Premjis et al, in an unholy alliance with the loathsome netas and self serving babus. Now that the shining light for every ambitious Indian are the likes of Reliance, Ruia, Chaturvedi and similar we can eventually look forward to the complete criminalisation of the last vestiges of decency in society and finally achieve what seems to be collective ambition of the majority, the haves and have nots alike, to be chosen recipients of the largesse of Laxmi.
The government stopped running phone companies oil companies etc and privatised them and concentrated and let markets and private enterprise manage that as i believe they can do a bettersjob there Government should invest more in primary education and work towards universal healthcare if we concentrate on investing around 5% of GDP towards both then maybe in the next few decades we will achieve a sustainable high growth rate and truly become a developed economy
