I see lot of people complaining about rising costs associated with high growth in few limited sectors. Here are few simple questions that you may want to answer: (1)What is the alternative? We already tried Nehruvian socialistic, license Raj economy. I lived in India till 1995 and I can tell you all that are complaiing about new system, that it was nothing but a rut. Either you had to be an IAS/IPS or big businessman or politician to lead good life. Now anyone can get a job as long as they have basic education. Pre 1995, a BCOM degree meant unemployment or a job of a chaprasi. Now someone with that degree can get a job in call center and earn decent living. Standard of living is way up since 1995. Earlier, I remember we used to go to a neighbor's place to watch TV because many families could not afford it. Now almost all I know have a TV. (2)If there is growth only for few people, why should that be a problem for the rest? I mean, if let us say we had 100 poor people and now we have 90poor and 10 rich, what difference it makes to 90 poor, they were poor before? Good thing is 10 rich will create jobs for few amongst those 90. This is a "virtuous" cycle. You can't make everyone rich overnite. Things take time. Growth in country like India will take time to trickle down to all. Just be patient.
RE:Indians should happy but not complacent.
by hello on Mar 08, 2007 02:17 AM Permalink
right points! Good thinking for the current situation!!! Let us try to make that 10% rich to 20% rich & by that way 90% poor will be reduced to 80% poor. This way makes the 80% poor good living like easy jobs & other benefit because of the increased consumption of the 20% rich & their higher tax pay etc. This will stimulate the economy too.
RE:RE:Indians should happy but not complacent.
by swati jasani on Mar 13, 2007 09:17 AM Permalink
This is one of the few intelligent discussion that i have found on this site. I felt very bad that on indian site either people are hurling abuses in general to everyone to PM to anti-socials or to other posters. This is one of the few that encourages creative thinking.. keep it up..
