The success of India. Or maybe not quite.

[bigbadwolf]

This is an interesting essay and differs from the garbage Thomas Friedman churns out.

 

[ramnik]

Been residing my entire life in India (23 odd years in various parts of North India) and I can safely say that this is very different from my experience.

India has over 350 million cell phone users (And I remember reading that this number increases by the population of Australia every month)!! Evidently India's rapid development has bypassed the agricultural sector (Which forms the majority of the population) but inclusive growth relies on the 'trickle down effect'. There have been many critics of this theory of economic development(Subsistence agriculture could never be an area of high growth and thus the only feasible model for economic growth), and this is one such interview.

Moreover Jawahar Lal Nehru University (Where the author is a Professor) was (is?) a major center for Naxal movement in India, which has come to the limelight lately (There have been over a dozen attacks on armed forces in recent months. See timeline for 2010 here). Furthermore, the Left in India, has been severely criticized for opposing economic development (Even suffered huge losses in the last General Elections owing to this reason).

Well I'm sure a lot of people would have a lot to say on this article. Anyways my few cents.

 

[finenggr]

Maoist

Well, if you read her (Interviewee) profile on internet, you will clearly see she is very inspired by Socialism and thinks only that can be a model of development.

The Chinese economy not only has been is growing faster but also has been on this fast pace since much longer than India. India will definitely be second in growth rate for the forseeable future but that doesn't mean the there is no growth story in India at all as she suggests.

India has a top-down approach of development where money first reaches the already rich and then trickles down to lower segments. It has been growing on an average above 7% since only 1997, which is not a sufficient period to actually see the effects up to the grass root levels with this model of development.

Not that India chose to take this approach, it just happened because of government inefficiency, which going forward also will not hinder any development.

The whole point being that there is definitely a growth story in India though a different one than ever seen before.

 

[bigbadwolf]

Moreover Jawahar Lal Nehru University (Where the author is a Professor) was (is?) a major center for Naxal movement in India, which has come to the limelight lately (There have been over a dozen attacks on armed forces in recent months. See timeline for 2010 here). Furthermore, the Left in India, has been severely criticized for opposing economic development (Even suffered huge losses in the last General Elections owing to this reason).

I know next to nothing about domestic Indian politics but there seems to be more here, by a former chief economic advisor to the Indian government.

 

[alain]

I know next to nothing about domestic Indian politics but there seems to be more here, by a former chief economic advisor to the Indian government.

Any site that advertises books about Che Guevara and Hugo Chavez loses all its credibility by default.