I hereby affirm and declare that I am neither a leftist nor a communist nor in association of such circle! The proposition of attaching the meaning of " GROWTH" of a nation entirely to the reserve funds in banks is entirely absurd as it is definitely misleading of the health of the nation! If that is also borrowed from western economics, there cannot be any opposition to detaching it to give an over all picture of the general health of a nation that will include ESSENTIALLY the availability of the basic needs of food, clothes to wear and finally a dwelling place to live in to the entire population, only when Mr. Srinivasan a nation can pronounce the word growth! That is the perfect economics!
RE:Nuke deal is irrelevant to Growth!
by Sunjey L on Aug 29, 2007 08:47 AM Permalink
Dear Gautam,
While I agree with you that it is essential to include ALL in the nation's growth, I fail to understand how we can provide food, clothing and shelter to all, without achieving GDP growth. Do you know that in excess of 50% of the Indian population is below 25 years of age. Forget everything else,just to provide employment to the millions that will be entering the work force in the next 10 years, will require the country to growt in excess of 9%. I am not sure where you learnt the "perfect economics".
RE:Nuke deal is irrelevant to Growth!
by Lalatendu Deo on Aug 29, 2007 10:50 PM Permalink
Even the US is not able to do that, let alone other countries. I think none of the succeeding governments have ignored trying giving the means to the poor people to earn themselves Roti, Kapda aur Makan. May be it is the System Failure to be blamed or may be the enormous task is the culprit. Or may be the level of corruption, preventing the good intention to filter through to these poor.
Sanjay, I would like to support your argument in telling one thing. The NTR government in Andhra Pradesh had introduced the much fan-fared Rs. 2 a Kilo Rice Plan in the entire state in early eighties and had enforced a total Prohibition. The intention was very noble. But the schemes failed miserably taking Andhra back to Stone Age. There was no possibility of continuation of those schemes.
And now we see several State governments announcing schemes of providing free power to farmers and the like. It is very difficult to sustain such thing. Yes the economic growth can give some solace but it does not work.
