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India's rising as an Economic Power
by K.VEE.SHANKER. on Feb 25, 2005 08:42 AM   Permalink

I'm surprised to see the author saying that democratic setup is required for Economic Development and Progress.Our experience is the otherway around.We see projects are delayed/derailed because of change in governments in both at the state and Centre.Uneconomical activities abound for political unjustified enrichments.What could've been done in tens of crores of rupees being comleted at hundred of crores at a painfully slow pace.Govern ments work only on compulsions.One of the reasons given for the amazing speed at which China developed economically is the autocratic functioning of the centalised decision making process for every thing.I want a clarification for it.

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''India will be bigger than US!''