If you are curious and googling on content related to India’s growth saga and her big dream to become superpower, you will get 1,140,000 search results on Google and this number has increased two fold in last couple of years. Reason is simple; we observed 8% growth in three years in a row.
On this topic that “whether India is on road to become Superpower or this is just one of the few dreams you see and it fades away as time progresses”, there are several ePlaces where good arguments are going on. I read them and thought to put few snippets together.
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Fortune’s Cait Murphy writes:
India the super power ? Think again
- 47 percent of Indian children under the age of five are either malnourished or stunted.
- The adult literacy rate is 61 percent (behind Rwanda and barely ahead of Sudan). Even this is probably overstated, as people are deemed literate who can do little more than sign their name.
- Only 10 percent of the entire Indian labor force works in the formal economy; of these fewer than half are in the private sector.
- The enrollment of six-to-15-year-olds in school has actually declined in the last year. About 40 million children who are supposed to be in school are not.
- About a fifth of the population is chronically hungry; about half of the world’s hungry live in India.
- More than a quarter of the India population lives on less than a dollar a day.
- India has more people with HIV than any other country.
(Sources: UNDP, Unicef, World Food Program; Edward Luce)
The future will not belong to India unless it takes action to embrace it, and that means more than high-profile vanity projects like putting a man on the moon or building the world¹s tallest tower. It means showing that the world’s largest democracy can deliver real progress to the hundreds of millions who have never used the phone, much less the Internet. And in important ways, that just isn’t happening.
India has many reasons to be proud, but considering it remains a world leader in hunger, stunting and HIV, its waxing self-satisfaction seems sadly beside the point.
Read article here.
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Shashank Khare writes @ Haftamag:
The prognosis seems grim. The recent phenomenal growth and international admiration has had the same effect on politicians as cocaine on an addict. Before the stock market tumble lessened the glory, irrationally exuberant leaders of the land had assumed superpower status a foregone conclusion. So much so that attention was refocused on equitably dividing the pie and ‘uplifting’ the downtrodden rather than insuring continued growth. This will not only do nothing to enhance economic potential but will also negatively impact economic efficiency by distorting the market. This heralds a return to the misguided populist policies of Indira Gandhi. No surprise that these policies are being spearheaded by her party where her former cabinet colleagues are important opinion makers.
Read article here.
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Atanu dey writes about The Indian Elephant:
One can be quite sick and still be on the road to recovery. It’s the positive trend that should give some hope.
Read here.
