[Goanet]RE: Five thoughts for double-digit inclusive growth -
[Goanet/Carlos, May 20] Why do I get the feeling that with a few unavoidable changes this advice could have been given by a leader of any big developing country -- China, Brazil, Indonesia, Mexico etc. Even as regards India, this would have been as valid 50 years ago as it is today and perhaps 5 years hence! What really is new in it? It is a development formula that might do any academic proud. But, as the saying goes, the proof of the pudding is in the eating!
[Goanet]RE: Five thoughts for double-digit inclusive growth -
This is just scoring cheap political points. Dont you see that there is nothing in the speech which tells you that LK Advani is sharing ideas candidly and with due humility about a fundamental national economic problem he has thought about personally (instead of, say, outsourcing the topic to an out of work academic?) Incidentally I should take this opportunity to correct a small typo in the segment of my earlier post that has been cited. It should read "50 years hence" and not "5 years". Sorry about that.
Re: [Goanet]RE: Five thoughts for double-digit inclusive growth -
Philip Thomas <[EMAIL PROTECTED]>wrote: Even as regards India, this would have been as valid 50 years ago as it is today and perhaps 5 years hence! What really is new in it?>> Continuation of Advani's speech:Some Highlights India could break the chains of under-achievement and begin attaining higher rates of economic growth in the 1990s only after it discarded the influence of that Soviet model. I never cease to be amazed by the hypocrisy of the Indian communists. For them, it is okay if China carries out economic reforms, but India must not. It is okay if China becomes a nuclear weapon nation, but India must not. It is okay if a Chinese leader says, “It does not matter of which colour the cat is, so long as it catches the mice”, but for the Communists, India must follow the dictum: “It does not matter if the cat cannot catch the mice, but it must be of red colour.” I wish to caution Prime Minister Dr. Manmohan Singh: “Your dependence on communist support will prove to be a liability for anything good you may wish to do.” If 8 % growth was “Mungeri Lal’s Haseen Sapne”, then would Double-Digit Growth be “Mungeri Lal’s Hallucinations”? A very responsible leader of the UPA had sought to rubbish the Vajpayee government’s attempts to achieve 8% GDP growth rate as “Mungeri Lal’s Haseen Sapne”. By that logic, our present discussion on how India should achieve double-digit growth must qualify to be called not just “Mungeri Lal’s Haseen Sapne”, but “Mungeri Lal’s Hallucinations”! While on the point of good governance, I must emphasise that this should not be confined only to Raisina Hill; it is also needed in Nariman Point. Corporate India must also follow the relevant norms and rules of good corporate governance—both in letter and in spirit. Regards, Carlos
Re: [Goanet]RE: Five thoughts for double-digit inclusive growth -
There was an article in yesterday's Herald Sun newspaper (a major daily in the state of Victoria, Australia), relating to India's bureaucratic mess. (India's red tape survives reform - Herald Sun, 30-05-2005: SHOULD Indian civil servants use red ink or green? That question is enough to hold up government decisions for a year in Asia's fourth-largest economy. Former disinvestment minister Arun Shourie recounts the story in his book ). IMHO, India's bureaucracy will perpetuate as long as there is a need to make a quick buck on the side, and as long as there are people who will love to be a small part of a large chain. And as long as there is bureaucracy, as long as there is a need for five people to do one person's job, India will never make it to the two-digit growth. At this moment in time, India is lucky with getting most out-sourcing jobs from the western world because of its Engkish-speaking population, which has figured mightily in raising India's profile; but China will soon catch up in spite of its non-English-speaking population, and beat India to it. The main reason is the bureaucracy inherited from the British Raj, which India has expanded to the huge juggernaut it has become. P.S. The article in the paper was about rules because annotations in a file were in red and green ink, never mind what the annotations were about. The colour of the ink appears to have been more of a problem that took over a year to resolve than what the annotations were trying to convey! Cheers, Gabriel de Figueiredo. Melbourne - Australia. > certainly can. [Goanet/Carlos, May 20] Find local movie times and trailers on Yahoo! Movies. http://au.movies.yahoo.com
