'G' for Growth


Post Liberalization, India has witnessed exponential growth services and manufacturing sector ( whoop ! License Raj bye-bye) and blessed monsoons are pushing up the GDP, the BSE sensex is unleashed ( on a certain day it even defeated the grandfather of all indices: the DJIA ), broadband internet is becoming a rage and express high ways are becoming a need. The society is witnessing a plateauing phenonmenon as well. The movie industry has started to look beyond 'boy meets girl,villain enters, fight out and they lived happily ever after stories', the household have started to shop at groceries, the student has began to pay for his education and the parent has started to understand International Baccalaureate.

In the last 2 years, the pace has been franatic and at times scary. At times, it gives one a feeling of a bloated balloon that is being flown precariously apprehensions are not baseless. As every sector is trying to post better results and government trying to accelerate reforms with privatized and law amendments, we are faced with issues like instability of markets,unethical business practices and socio-economic resistance towards reforms. The Sardar Sarovar Project's tortoise pace, the Global Trust Bank debacle, the caste based vote bank politics giving birth to unjust quota propositions and wide spread contempt of individualism buttress our fears.
The solution is for all citizens to adopt a liberal and tolerant stand towards reforms and for the government to provide sufficiently for the risk inherent in the reforms and other issues that ramify out of it. As citizens we could help by abiding by the laws,actively participating in forming the legislations ( the government has recently invited opinions on proposed tax reforms), choosing the right and competent people to the parliament and shedding age old beliefs in caste, socialism( Communism is equal economic injustice). The government on its part should be more transparent and encourage regulators ( TRAI, RBI, SEBI) and judiciary to clean up business practices thereby forstering citizen's faith in growth and justice. Another 10 year project the government can undertake is to decrease GDP dependency on monsoon by accelerating and justly executing irrigation projects of small and medium size. ( Narmada is by all means a mammoth and bound to walk slow on a slippery ground ).

As we race through the boom, we'd also take the necessary precaution and ensure safety.

2 comments:

Wanna Be Dictator said...

hey, what do you do? we should form a government together...

Wanna Be Dictator said...

what i also mean by "forming a government" is whether you'd like to guest blog, on something like reservations, or politics and religion...