Hi Venkatesh, Your article is a logically appealing, long term growth prescription for a country like India.However, you seem to suggest a trade off between global and swadshi economics. Can't they coexist, with a prudent balance between the two? Just as we can't afford to be over dependent on export led growth, we can't be cowed down by stagnant, if not lethargic, domestic demand, fuelled by myopic govt. policies, run chiefly by poiticians with the only priority to sefeguard themselves. Fortunately, although our economy started getting slowly integrated with the global economy more by default than by any proactive govt policy, we had the resilience to sustain the growth model so far, thanks to our immense inherent strength of knowledge capital. Imagine, my friend, where would our IT & ITES industry be, if we had not followed the global path.IT & ITES have surely raised the bar on quality of life and made a huge difference to the huge middle class educated base, which has in turn driven domestic consumption to unimaginable levels. So, my prescription is, enjoy the best of both worlds through a prudent balancing act !!
