India: Is Growth Coming at Expense of Development

Ref tolkinin #22

[....minority glitz of Banglore and Mumbai which hardly is India which lived in 5 crores villages atleast at the time of indias independence some of whom b/c of attitude of your arrogance form the slums in metro of Delhi and Dharavi the biggest slum right in your prosperous Mumbai]

Those slums GREW under the Nehruvian socialist model.

I have a right to be arrogant because I didn`t fall into the trap of feeling sorry for myself and look for handouts.

We now have glitzy malls and super apartment complexes in Bombay because we are not willing to put up with crapola socialist/communist policies.

#19 #20

India is composed of ALL the states under its dominion....article is not of any particular region or state...to give an e.g. of some so called ``advanced States``is to accept the only 1 st divisioner as your student in your college as your responsibilty and worship only the sucesfull one..besids the bimaru states constitutes .if according to your disdain bengal with 2.7 growth is included ..then what is left of india ,minority glitz of Banglore and Mumbai which hardly is India which lived in 5 crores villages atleast at the time of indias independence some of whom b/c of attitude of your arrogance form the slums in metro of Delhi and Dharavi the biggest slum right in your prosperous Mumbai

#20 by anokhi

what`s a BIMARU state?

Bihar, Madhya Pradesh, Rajasthan, and Uttar Pradesh put together are known as the BIMARU states. These states are the most under-developed parts of India (lately Jharkhand, carved out of Bihar and Chattisgarh, carved out of Madhya Pradesh also qualify to be among them) and hence the very apt acronym.

Hi Harimau,
what`s a BIMARU state?

Or perhaps..which ones are the BIMARU states?

Typical crap from the Jawaharlal Nehru School of Economics.

If the agricultural sector in India doesn`t improve its productivty, the rest of India will have to pay the price by having lower economic growth.

Does anybody compel these people to breed like pigs, use antiquated techniques for farming? No!

These idiots are dinosaurs doomed to extinction. They will all starve to death or, if they have the brains, commit suicide.

Do Punjab, Gujarat, Tamil Nadu, etc., show 2.7% growth? That 2.7% number is averaged across all of India, including pathetic places like Orissa and the BIMARU states.

The fact is the Nehruvian model is designed to keep people poor and voting for the Congress party. What the author can`t stand is that at least in some states, people are not buyig into this bullsh!t any longer. That also means the break-up of the Congress` stranglehold on power.

Eat a reality cookie. It is good for you.

#4 If she can have the answer to vast and insurmountable problems of deloping countries she might as well be a nobel laurette herself

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anyway, as for your question ``as where else is the money going to come from?`` see my post #2...

1. Huge amount of money is locked up in public sector companies that can be released by selling them. at this time, there is no more reason to hold on to those white elephants, now that indian companies have proved to be competitive in global stage... this money should directly be invested in social sector.

2. Indian govt` always has the option of bonds and other govt instruments to raise money from public...

3. Private-public participation with full control given to private companies... this model will go a long way in building the roads, ports and other physical infrastructure...

4. Any more funds can be acquired from international institutions, WB, IMF etc...

It`s no rocket science... many countries have done it before...

Re: # 8 zee

Dude - on economic issues, there is no point comparing india with pakiland ... it`s like comparing a green apple to a lemon... both are fruits, but only one can grow up to be sweet and beautiful... [ Actually, I am not sure if lemon is even a fruit, just like I am not sure pakiland has an ``economy``]...

aparnaji

Your quote, ``The aim of this article is not to say that the government has not done anything but to point out the need to combine economic growth and economic development.`` Few questions for you

1. Given our fiscal deficit, what would you suggest the GoI do w.r.t. economic development?

2. The underlying assumption in this article is that economic development is solely the province of GoI. May I ask why? and why there is no mention of private sector involvement?

3. For your point about unemployment, can you advice how you would like to distinguish between effective employment versus informal employment? For example, the difference between a salaried employee versus a family worked farm?

4. Would you care to shed light on the subsidies regime? For ease, you might want to comment on economic development funding versus say kerosene subsidies.

5. I found it interesting that you talk about corporate events and then link that to economic growth. Then you bring in the government and talk about economic development.

Very confused article, I am afraid. The above questions might help you develop your argument a bit more. I suggest you might want to start with the basic question, just what is it that I want to bring out? and specially for social aspects, ending with proposed solutions and challenges thereof helps. At this moment, this reads like a disjointed collection of the first paragraphs of a series of economic times articles.

``Take this para for example, India boasts of numerous rivers, canals and dams yet agriculture is primarily rain-dependent. Also according to the World Bank and UN India is using its underground water twice as fast as it is being replenished. Rainwater harvesting is still in initial stages in India. This explains the rapidly growing drinking water problem and the sewage disposal crisis.``. No, rapidly growing drinking water or sewage problem is not because of over use nor because of rainwater harvesting. It is because it is not priced properly. Check out liberty India, an NGO`s work on how private sector provision of water in India and other countries removes this problem. Plus you are confusing drinking water, sewage treatment, irrigation, crop selection, etc. etc. all in a muddled way. Rainwater harvesting is ONE example, but its not the panacea as it is made out.

But you get the idea! :)

cheers

bd

#3 by harimau on February 21, 2007 7:29pm PT


Romilla Thapar, KN Panikkar and Co., should be sentenced to 30 years hard labor at Tihar jail.


they should send these people to tihar jail AND change the name of the jail to Rajiv Gandhi Jail..

#7 by ahmedmadani on February 21, 2007 8:59pm PT


Do JNU grads end up in usa


They would..if only the visa officers at US embassies removed the two most difficult questions in the visa interview 1) identify your ass 2) identify your elbow

#9546


India warning on globalisation




Professor Stiglitz says globalisation has spurred India`s economy
A Nobel-prize winning US economist has warned that public services could suffer in countries like India as a result of globalisation.
Professor Joseph Stiglitz told the BBC News website that globalisation had led to lower tariffs, an important source of public revenue.

``A decline in tariff leads to less money for the governments to spend on its people,`` Professor Stiglitz said.

He won the Nobel Prize in 2001 for his work on the economics of information.

The 63-year-old economist`s book Globalization And Its Discontents is a scathing critique of how international financial and trade organisations are affecting economies and societies.

Professor Stiglitz said globalisation had played an important trigger in the buoyant Indian economy - it grew at over 9% in the six months to this September. But he said it had been given too much credit for the growth.

``Much of [India`s] early growth [after liberalising the economy in 1991] came from a change in internal government policies - from anti-business to more market friendly policies,`` he said.

``I feel some excess credit was given to external liberalisation rather than internal liberalisation for India`s economic growth.``

Meltdown fears


Professor Stiglitz said that India also gained by its investments in sectors of higher education, which helped the country to reap the benefits of the information technology revolution.

The Indian infotech industry is expected to exceed $36bn in revenues this fiscal year, a growth of nearly 28% over last year. Export earnings contributed to 64% of the revenues.


India needed to move to more `value-added` agriculture

On the other hand, he felt that that external liberalisation had ``exposed India to inequalities of the global trading system``.

The large number of debt-ridden cotton farmers taking their lives across India is ``clearly related`` to the American agricultural subsidies that depress prices and make cotton farmers elsewhere worse off, Professor Stiglitz said.

Asked if India could face a economic meltdown of the kind experienced by Brazil and Argentina in the past leading to political and social instability, Professor Stiglitz turned his attention to the dangers posed by ``excessive`` liberalisation of capital markets.

``Much of the volatility in the 1990s in Latin America was related to capital markets instability. The poor took the brunt of the [meltdown] and bore the cost,`` he said.

``The bottom-line is, that India has so far avoided that kind of extremes.``

But Professor Stiglitz warned that if the country liberalised its capital markets ``rapidly, it would expose itself to the kind of volatility`` which led to downturn and instability in Latin America.

Environmental impact


More importantly, he said one of the main threats to India`s growth came from the increasing threat to the environment caused by ``resource-intensive`` growth.

``There are going to be more cars, houses, roads in the present pace of development. It is very natural. But all this is also very resource-intensive.``

``The environmental impact of such resource intensive growth can be substantial given India`s very large population. This can begin affecting living standards,`` he said.


`Excessive capital market liberalisation could hurt India`
Professor Stiglitz said India had not managed its farm sector properly - water, he said, was already a precious commodity in large parts of the country where the water table was falling.

``[In this respect] India is living on borrowed time,`` he said.

On whether India could make the leap from a predominantly farm economy to more industrial one even after missing a conventional industrial revolution, Professor Stiglitz said different countries could easily have different patterns of development.

`Mixed palette`


A successful farming economy like Denmark, he said, had moved to low value added farm products to high value-added ones, and done very well.

Pointing out that jobless growth was a concern in all economies, Professor Stiglitz said India could very well prosper with a ``mixed palette`` of farm, service, manufacturing economies.

``I read today that India has only as many hotel rooms as New York. Now if India can promote tourism, some real high end tourism as opposed to backpacking which the country is famous for, then it can generate a large number of jobs,`` he said.

Professor Stiglitz feels that the economies of Asian `giants`, India and China, will continue to do ``very, very well``.


Manufacturing is helping drive the Indian economy

On whether totalitarian systems with globalised economies work better than democratic systems with less globalised ones, he said democracy was a ``very strong asset`` for India.

``The difference [between the economies of India and China] has not so much do with democracy, but the failure [of India] to invest adequately in education and health``.

``The successful regions in India, for example, are growing as fast as China. The challenge is how do we get the backward areas to catch up.``