Recently, two very interesting and confusing articles on Indian economy has been published, one by the expert on Indian economy Gurcharan Das, former CEO of Procter and Gamble, and author of of India Unbound, and the other by a non-expert and more of literary figure Pankaj Mishra. Here is the link, link, link.
Gurcharan Das argues that India’s greatness lies in its self-reliant and resilient people, but he forgot to mention the selfish, parochial, castist, non-philanthrophic (only religious generous), nature of Indians. There is law but not order, the reason being the corruption in the courts. This results in absence of fear of law among the empowered, privileged.
In the name of privatisation one can see the plight of commuters in the DTC buses and private blue line buses in the capital city of India, Delhi. Is the system become more efficient? The unchanged predicament of power cut even after privatisation in Delhi? No prize for guessing in what is the situation at the other parts of India?
This has become fashionable to blame bureaucracy and government for all the ills of Indian economy among the neo intellectuals. Except Tata, how many private corporate sectors has contributed to the nation building? Birlas, Bajajs, Reliances are all big corporate sectors who have been benefited immensely from the license-permit raj, but what is there contribution to the nation (particularly institution) building, I am not talking about charity donated during disasters and religious purposes?
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