原文标题：Why the next decade will belong to INDIA
The chief executive of a global corporation once said that whenever they had bet on Indian people, they had been proved right, but whenever they had bet on the Indian market, they had been proved wrong.
He said some years later that even the Indian market was proving a good bet, but that betting on the government was still not a good idea.
Twenty years after the launch of the economic reform programme, that remains as good a summing up as any.
The Indian people (more correctly, large sections of the total) have flourished – as managers and workers in enterprises, at home and abroad; as entrepreneurs themselves, again, at home and abroad; and as consumers for whom the reforms have brought manifold benefits.
And the Indian market has grown like never before.
Many product and service markets have grown tenfold and more in the last two decades, product quality is usually unrecognisable when compared to what was on offer in 1991, and prices in relation to salaries have fallen in most cases, making goods and services far more affordable.
The solitary exception would probably be housing, which remains an area of soaring costs. Most people have tended to ignore these seminal changes when considering the crisis-ridden environment today, when neither an attack on large-scale and brazen corruption, nor further reform, nor improvement in governance standards, appears to be a realistic expectation.
The result is an atmosphere of doubt, as to how long the Indian growth miracle can be sustained, and whether the disjuncture between the assumed requirements of successful politics and sensible economics can be fixed.
But is a more hopeful narrative possible?
For instance, despite all the failures on the education front, the fact is that literacy has climbed in the last two decades from 52 per cent to 74 per cent.
The opportunities for secondary and higher, including professional, education have improved dramatically. Heedless of the accepted wisdom that agriculture has been running out of steam, agricultural growth has revived and been better than three per cent on average for the past several years.
Despite the manifest failures in public health, the major indices (maternity and child health, immunisation levels, etc) show steady improvement. So, in key areas of activity dominated by the government, the situation now is much better than before.
Admittedly, Bangladesh has done better on some of these issues, just as China has done better on growth. But that is no reason to believe that nothing has been or can be achieved here in India, by the government.Is there an agenda waiting to be addressed? Of course there is.
The deputy chairman of the Planning Commission, Montek Singh Ahluwalia, has written an extended article in Economic and Political Weekly recently, laying out a long list of issues that need to be addressed if the 12th Five-Year Plan (starting next April) is to achieve its nine-plus per cent growth target.
It might be a good idea to bullet-point the issues and set specific goals and timelines, so that continuous monitoring and mid-course correction are possible. The government should be addressing issues in such a comprehensive and focused fashion if faith in its ability to deliver is to be restored. The world has just witnessed the passage of two decades that have belonged to China, with India getting honourable mention in the dispatches.
The coming decade could finally be India’s, as China ages and its working population stagnates, and as a corollary its savings (and therefore investment) rate drops – all of it translating into slower growth.
But if India is to fulfil its destiny, the government has to snap out of its stupor and get down to business.
by Das (View MyPage) on Aug 02, 2011 05:21 PM | Hide repliesDamn lies and statistic. Nina et al forget that there are more poor people in 8 Indian states than entire Africa. The calorific intake, that is nutrional intake by poor people has declined, per capita consumption of green vegetables and fruits has declined and overall nutritional level of Indians remains the worst in the world. These facts tell a very sad story and just because there are more billionires in India does not mean that life of an average Indian has improved.
by India (View MyPage) on Aug 01, 2011 12:12 PM | Hide repliesWOW next decade matlab Congress gets 2 more 5 year stints to enjoy! and fool public; VERY GOOD
Where is the money for all this?
by settaboy (View MyPage) on Aug 01, 2011 01:06 AM | Hide replies
Where is the money for creating all these institutions, industries, jobs and wealth?
Answer – nowhere. So, it is a wet dream. The future will be worse than now as deficits in investment, trade and budget will cost lives and education.
Islam is going to rule the world..
by Ishaqk (View MyPage) on Jul 31, 2011 11:02 PM | Hide replies
Going by the new found logic that high population is the key for growth in new era, Islam is going to rule the world.
Why the next decade will belong to INDIA
by Viraf Mehta (View MyPage) on Jul 31, 2011 10:56 PM | Hide replies
Why only the next decade, India can be on top of the world for many, many decades. However, this can happen only if we get rid of the Nehru / Gandhi family’s stranglehold over our country. We punish all corrupt politicians by making them pay for their crimes. We educate our kids, and teach them how to be worthy citizens of our great country. When we show the world that we can do things as well as any other person any where, and finally, when we take pride in being Indians, and not down play and degrade ourselves in front of the world.
by Vish (View MyPage) on Jul 31, 2011 10:28 PM | Hide replies
very very optimistic
ONE IMPORTANT POINT.
by rohit bajaj (View MyPage) on Jul 31, 2011 05:16 PM | Hide replies
this fellow has said that despite our failed education system the literacy rate has increased upto 74%. but is this ‘INCREASE’ a reality?let’s see some points below:
1.2011 census shows tht DESPITE our INCREASED literacy rate the sex ratio has DECREASED.
2. with increase in our literacy rate our magnitude of CORRUPTION has also increased(an uneducated person cannot b involved in scams like 2G;for that u need to be educated!,an IAS!!)
3.despite increase in our literacy rate,in R&D v r just PATHETIC( of course ,except few rare universities).i mean how many NOBEL LAUREATES v have?(who r born in india and who hv WORKED HERE;JUST ONE!!).how many SIGNIFICANT patents or papers indian scientists WORKING IN INDIA holds?v add NOTHING to our scientific knowledge but v r masters to mugs the things ALREADY discovered(i admit even i m one of u,but when i discovered this i got really frustated!)
4. i hv seen most indian students doing cheating,getting notes into the exam hall just to CLEAR the exam and to get the DEGREE in order to get LITERATE.But is this true LITERACY?( here i can proudly say tht i NEVER DID such stupid thing!)
well i m not a rebel or something like that but thinking about some of this points ,i m wondering that whether v r TRULY LITERATE?WHETHER V R TRULY ‘GETTING’ SOMETHING?WHETHER V R TRULY APPLYING THT KNOWLEDGE TO DO SOMETHING REALLY PATHBREAKING(OR ATLEAST SOMETHING GOOD)?OR V R ONLY PRODUCING CALL CENTER RESOURCES!
Re: ONE IMPORTANT POINT.
by om shanti (View MyPage) on Jul 31, 2011 09:20 PM
China’s literacy is 95 %.
We have 26% illiterate,that is about 30 crores.Congress keeps people illterate to come to power by giving them cheap liquor,freebies and cash..
Re: Re: ONE IMPORTANT POINT.
by narayan tiwari (View MyPage) on Aug 01, 2011 12:07 AM
Congress=Loot India movement
Strong punishment needed for guilty
by MB Sivaramakrishnan (View MyPage) on Jul 31, 2011 02:29 PM | Hide replies
Politician and Officials, involved in corruption must be severely punished. They must be levied 5 times fine amount and imprisoned for min 5 years. Those who do not pay the fine, their assets must be confiscated and auctioned. Same principle for black money hoarders, black marketeers of essential goods and real estate mafia
The guilty should not be given capital punishment, instead they must be given prison term of minimum 5 years to max 14 years. Their passport need to be impounded and assets frozen. After release from jail, they must be ostracized from society and should live like beggars
Do this to a dozen politicians. Others will change for good
by Kalyanasundaram Venkatesh (View MyPage) on Jul 31, 2011 08:18 AM | Hide replies
hah…hah…hah… what a joke!!!! I have been hearing these kind of bullshits for the past 30 years but every day we are getting worse & worse, most parts of the country are running out of water, electricity, pure air, pollution is getting peak, no basic infrastructures ( road, toilet, water, phone, hospitals ) in so many thousands of villages in our country, farmers suicedes are becomeing more & more, gap between poor & rich is getting widened a lot, slums are increaseing all over the country, drop in the quality education, drop in the literacy among the people, crimes & rapes are increasing every day, etc, etc, etc.
With all these things happening in our country, i can only LAUGH on reading these kind of bullshit cheating articles “Why the next decade will belong to INDIA”.
I really do NOT understand, why Rediff is publishing thse kind of useless articles? to satisfy whom ?
take this two out?
by punter ponting (View MyPage) on Jul 31, 2011 05:20 AM | Hide replies
cricket, and bollywood, take this two out of india, see how it prosper…offcourse shitters will need to be kicked out as well
Possible if corrupt congress goes.
by somnath pawor (View MyPage) on Jul 26, 2011 01:06 PM | Hide replies
Next decade will belong to India if this corrupt,anti-public interest government goes and replaced by public interest government.
by Drax P (View MyPage) on Jul 26, 2011 07:35 AM | Hide replies
HAHHAHA what a joke. Next decade or any decade can never belong to Indian dumbos who cant even get their vote correctly. They are destined to be conned by the Conparty forever.
by basanta borah (View MyPage) on Jul 25, 2011 07:59 PM | Hide replies
india controls the exploding population, other problems will disappear in 25 years. 1 child per couple must be strictly followed, and the result would be very obvious
Re: i wonder
by Raja (View MyPage) on Jul 26, 2011 04:11 AM
And that only child will be Son, no one wants daughter
Re: Re: i wonder
by Vish (View MyPage) on Jul 31, 2011 10:26 PM
yes. and gay marriages (amongst men) will take place.
Blasts, Corruption, Terrorism, Trafficking, Rapes etc etc…..
by Pat Thakur (View MyPage) on Jul 25, 2011 07:50 PM | Hide replies
The next decade wil lbelong to India for sure!!!
by Bharatiyan (View MyPage) on Jul 25, 2011 02:12 PM
India might face same kind of famine as that of somalia… they are not suffering because of draught.. they are sufferng because IMf carefully dismanteled their agriculture… same thing is happening in our country as well.
by PO (View MyPage) on Jul 25, 2011 01:26 PM | Hide replies
Black/corrupt/illegal money in foreign banks is coming back to India via Hawala/FDI/FII/NRI/PIO investments.
This money is used to create jobs in the economy.
by Susan Held (View MyPage) on Jul 25, 2011 01:34 PM
Good if it is happening, in that way it is atleast put to some good use in the country instead of stagnating in swiss banks
by arungopal agarwal (View MyPage) on Jul 25, 2011 01:23 PM | Hide replies
No chance due to population baloon already burst and bursting daily. Every development has been eaten by unwanted population, reservation, indiscipline by bureacrats as well as by politicians, corruption, terrorism, lawlessness etc.,etc., No one is serious. Country needs drastic political and administrative reforms before economical and financial reforms. Still let us hope.