Let The Good Times Roll


The Indian economy grew at an unexpectedly brisk pace of 8.9 percent in the second quarter of 2006, propelled by a sharp turnaround in its once laggard manufacturing industry.The Indian growth rate is now among the highest anywhere; at the pace announced Friday, the economy will double in size every eight years. Manufacturing output in the three months through June grew 11.3 percent from a year earlier, beating a 10.6 percent expansion in the roaring Indian services trade of call centers and software houses.


so we are giving china a fight for the finish in manufacturing as well... it will be years or even decades before we match the cap-ex that china has built over the years.. we need to ensure that these good numbers are not just a flash in a pan.. or some quaterly aberration but the rise of a counter-weight to chinese dominance.. but matching up to china is no one way street.. it has to be built in from in-side and ground-up.. it needs strong phyiscal as well as social infrastructure... as i had already said before in my previous posts...

"Normally the best of the times are there to make the toughest of decisions.. the choices of today will decide the growth of tomorrow... there has to be positive reforms to sustain and further this growth instead of relying on foreign funds to do the trick.. "

but this fractious left-leaning government has done nothing to sustain or augment this growth trajectory.. some would say that current government made it on the pro-poor platform... hmmmm.. so the government wouldn't do anything that's seen pro-big-business... sure.. lets buy this argument for a minute... show me what this establishment has done for its so-called poor votebank.. those marginalised... nothing except rabble rousing.. farmers continue to commit suicide.. not much movement either on infrastructure or so-called social justice front.. a kind of inertia has gripped this government.. and brought it to a halt.. for anything and everything ... everybody looks over their shoulder to sonia gandhi... as if she holds the destiny of over one billion people... such servile attitude of the current leadership is scornful... tell me 'whats the biggest decision this goverment took in last one year'... and you are left scratching your head as if this country was in some utopian land.. an el-dorado.. where all things possible have been achieved.. this inertia.. inaction.. this 'chalta hai attitude' would take us nowhere.. it has taken us nowhere in last sixty years... how can establishment think that things would turn honky-dory with it doing nothing...

~Who Are You~

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