A BUBBLE CALLED INDIA'S GROWTH & DEVELOPMENT: WHAT IS GOING WRONG?
I am neither an economist nor a dooms-day prophet. I have always focused my efforts on serving and supporting this great nation of ours in my own limited way. However I still can’t accept the fact of ‘’
It all sounds fine on paper but when I look around me, the vast divide between the haves and the have-nots, the powerful and the influential as opposed to the powerless and the weak, I see nothing shining and over the years since this phrase was coined, I have come to realize that the entire thing is a sham and a mere PR exercise aimed at making the common man think that their political leaders are taking them towards prosperity. Whose prosperity may I ask; the rulers or the ruled? Like all PR exercises in
I know that the brick-bats are going to be to be flying today and a vast majority of my peers in this community are going to disagree with me. However, it is high time somebody called a spade a spade. I am not making these comments blindly or falsely. Any person with common sense can see the logic behind what I am saying.
The fact of the matter is that we started developing but then like any growth without proper foundation we now seem to be cracking up and floundering. I had stated this in a small forum eight years ago and was lucky to leave that place unhurt.
Economic growth has to be built on the pillars of infrastructure and values, ethics and discipline. Unfortunately, my dear country has neither. Look at the condition of our roads and you will know what I’m talking about. If major cities like
I have always maintained that
One of the reasons for the so called optimists to start chanting “India Shining” was the stock market which appeared to be booming with the advent of the new millennium. Worthless paper which was overrated and appeared valuable along with fly by night investors who were mainly hedge funds in disguise fuelled this “India Shining” mirage. The ordinary Indian not knowing what was fuelling this boom ploughed his hard earned savings into the stock market in the hope of making some quick money only to lose his shirt.
Another reason for assuming that
While the growth rate graph appeared to be heading upwards, this growth was not clearly visible on the ground as it was accompanied upwards by spiraling inflation which could not be checked due to uncalled for populist measures despite the warning signals from the Reserve Bank of
Infrastructure necessary for the well being of the invaluable human resources of this country are also as thread bare as the clothes covering the dignity of the deprived poor of this country. Hospitals are available only in major cities and do not have sufficient beds. Patients can be found lying on corridors waiting for doctors who function at their pleasure and do not hesitiate to go on strikes holding the lives of the sons of the soil to ransom. Primary Health Centres (PHC) in villages which are lucky to have such centres have no doctors and other requisite skilled staff.
Primary education is also in a mess and even the poor do not want to enroll their children in schools run by the government or local bodies.
The second point on which I have built my contention that our growth is a mere mirage and that this growth cannot be sustained is the lack of discipline and ethics. By discipline I mean the subservience of selfish interests for the general common good. Corruption and greed are the order of the day. Conmen and unscrupulous businessmen who only want to make a fast buck, abound.
In our fight for survival we have become aggressive and have even forgotten to say such simple words such as, “Please, Sorry and Thank you” which are nothing but lubricants for a smooth and happy life. Even the few who use these words are looked down upon and taken advantage of rather than respected.
(To be contd.)
|