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A state called India... - Views on News from Equitymaster
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  • Dec 17, 2002

    A state called India...

    Day-in-day-out, we try and analyse the trend of stock markets in a bid to give some direction to our viewers. Let's take a break from the same today and look at something larger. Let's analyse India and where we think it may be headed.

    A nation of 1 billion plus, India is the fastest growing country in terms of population. It is widely known that at this rate we will soon overtake China as the world's most populated country. Our burgeoning numbers mean that our limited resources are overstretched. So, India continues to be deficient in terms of infrastructure, schools and more importantly, of opportunity.

    Such are the rigours of our daily life that an average common man cannot see beyond his daily sustenance. While the middle class continues to try and corner more benefits out of the system, the poor continue to eke out a living. In all this, the disparity between the rich and the poor continues. Its not that we grudge the rich for their wealth. Whatever said and done, they saw the opportunity and stayed ahead. What is of concern is that in our daily routine, a large of part of us Indians seems to have lost out on a vision for the country.

    With India being liberalised, the most perceptible change was the entry of the Indian as a big consumer. The Indian middle class has since been wooed by a variety of products. One can see a plethora of cars, consumer durables and even our daily soaps that cater specifically to our daily needs. But larger issues remain. Corruption still plagues this country in a large way. And politics continues to hover around petty issues.

    Thankfully, some areas stand out which give us some hope. One can see some positives emanating from the North Block. So one hears about road projects, power and infrastructure development. All these are signs that both the government as well as the governed has woken up to the reality of progress. Some sticky issues like disinvestment, labour reforms and tax on farm income are also seeing the light of the day.

    Some of these issues would probably have never been discussed were it not for some fiery Indians, with some vision. Arun Shourie, Nani Palkhivala, Narayanmurthy, Vittal, T N Seshan and some more. There are many many Indians besides them to have done innumerable good for the country and probably gone unsung. Another ray of hope is the appointment of Suresh Prabhu, former power minister, as the coordinator for river linking project. Seeing his work in the power sector, one is expectant of seeing positives for our irrigation network. Good news for farmers, rural India and for India Inc.



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