Posted by: L | August 15, 2007

Indian independence day…

NEW DELHI – India celebrated the 60th anniversary of its independence from British rule Wednesday in a triumphant mood, with many here feeling the country is finally taking its rightful place as a major global player.

“I assure you that for each one of you, and for our country, the best is yet to come,” Prime Minister Manmohan Singh told the nation in his traditional Independence Day speech.But with many of India’s 1.1 billion people being left behind by the country’s lightning economic growth, Singh warned: “we must not be overconfident.”

Blah, blah, blah………

Who is “we”? There’s the trouble with the state…

Who is “we,” Mr. Singh? Who is this entity that’s a “major global player”?

A small group of people (some of Indian nationality living abroad, some resident in India, some of ethnic Indian origin but foreign nationals) have made themselves and their families very rich; or come to occupy important positions: another larger group has benefited from new job creation from multinationals in India; a further group is doing well abroad. The middle class is expanding. But with all that, we are still talking only about about 250 million people in India. What about the rest? The three quarters of the iceberg below the radar of the media…

So — Indians are now independent from colonial rule by the British. A good thing.

It would be an even better thing when Indians are no longer ruled by corrupt, parasitical government bureaucrats and their corporate cronies…

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Responses

  1. Nice Catch…and good plans…even Mr Singh acknowledges the fact that India Shining is not a widespread event as he would have lied to be and as per his interview with Mr Rajat Gupta of Mckinsey, if we could sustain a growth of 7 to 8 percent in the next 10 to 15 years, that day is not far off…and we must recognize the fact that with every step India takes, a group of people benefit. As long as that group keep changing, everyone will be covered…

  2. OK — I buy that in theory. The problem is the practice. I am not a reflexive anti-globalist. There are benefits to be had, for sure. But trade has got to be genuinely free and not structured from the top down — with judicious arm twisting.

    And not with the costs socialized.
    McKinsey…there, I have my doubts.


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