Tuesday, September 21, 2010
11 years on: Take a better look at the work of a rebounding India
11 years and a month since I wrote this piece (http://www.goodnewsindia.com/Pages/content/inspirational/basu.htm) for the International Herald Tribune (and found it republished in the Asian Age), the economic predictions in it have largely come true. In fact, those predictive insights (that appeared radical 11 years ago) seem rather commonplace now, as India reaps the fruits of her Demographic Dividend. But sadly, the quality of governance (as evident in the shambolic mess in the run-up to the Commonwealth Games in our nation's capital) appears to have clearly worsened. Our increasingly dysfunctional polity, and institutional decay that is spreading to even the pillars of our democratic edifice, threaten the gains accruing from our economic momentum. That will be the theme of my next, longer blog.
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This is the most acute impediment for the country as governance is the most important factor that can give a required ecosystem for equitable growth and give reforms a human face. Governance is the most important factor we can see for exapmple in Bihar. Every other factors remaining the same governance alone can play the role.
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