joel.francis.7351
Par 100 posts (V.I.P)
India is celebrating 66 years of independence with a flurry of negative coverage in the international media. The Economist leads with Made outside India (“As growth slows and reforms falter, economic activity is shifting out of India")
Fareed Zakaria’s GPS blog on CNN has an interview with Ravi Venkatesan, a former Chairman of Microsoft India: “India remains a ferociously tough place to do business, ranked #132 out of 200 countries in terms of ease of doing business by the World Bank. It’s hard to see a scenario when India can sustain its progress without addressing these issues.” Embarrassing.
The rupee is at a new low. The growth rate has plummeted. The World Bank’s Chief Economist Dr. Kaushik Basu cautions that it might drop further. Corruption is at its worst. The political future of India is precarious. Infrastructure remains dreadful. Foreign investment is fleeing.
The Gangotri glacier is melting without any attention from those responsible for India’s water policy. The government seems blissfully unaware of one of the greatest dangers facing the country: a monumental water crisis.
As I read the above, I became very worried about what it means to live in India. Do you think we will go back to the middle class snake charmers pre 1990's lifestyle soon?
Awaiting your thoughts.
Fareed Zakaria’s GPS blog on CNN has an interview with Ravi Venkatesan, a former Chairman of Microsoft India: “India remains a ferociously tough place to do business, ranked #132 out of 200 countries in terms of ease of doing business by the World Bank. It’s hard to see a scenario when India can sustain its progress without addressing these issues.” Embarrassing.
The rupee is at a new low. The growth rate has plummeted. The World Bank’s Chief Economist Dr. Kaushik Basu cautions that it might drop further. Corruption is at its worst. The political future of India is precarious. Infrastructure remains dreadful. Foreign investment is fleeing.
The Gangotri glacier is melting without any attention from those responsible for India’s water policy. The government seems blissfully unaware of one of the greatest dangers facing the country: a monumental water crisis.
As I read the above, I became very worried about what it means to live in India. Do you think we will go back to the middle class snake charmers pre 1990's lifestyle soon?
Awaiting your thoughts.