India: Is Growth Coming at Expense of Development

I think it`s fairly universally accepted that the Nehruvian era was a massive dragdown for India which severly inhibited our performance on the world stage. Bar some commies and ``intellectuals`` everyone agrees that the 40 odd years of ``socialism`` was a dark, depressing period where we were denied access to a quality lifestyle in the name of some half-assed concept of patriotism.

All that phase did was produce a decent middle class with aspirations but no way to realise them for the most part. Most of the educated middle class that lived out their working adulthood in the 70s and 80s (my parents` generation) had no way to realise their dreams and managed to do it almost entirely through their children. Which meant ensuring there was enough food on the table and a constant exhirtation to study hard and do well in life. If those children went on to a good engineering or medical college and established themselves in life either at home or more likely in the US, those parents who were denied their own opportunities had a big role to play in that.

Thanks Mom and Dad. You`re retired now, but it must be giving you SUCH a kick to see those beautiful malls and multiplexes and 8-lane highways and mushrooming affordable airlines and quality apparel and perfurmery and this-calendar-year Japanese and American cars and all those things that once were just things you heard about from lucky relatives and bosses who were able to go ``abroad`` (that too on a too-measly daily allowance).

Let the commies whine all they will. We shall enjoy, guilt-free.

Re: # 40

well, every country pumps some amount oil for themselves, even india does... but only a few export oil... that`s what I was pointing to... mexico, as far as I know, is not part of OPEC...

Ref mohar11 #37

[Anycase - venezuela and mexico have very different political-social scenarios... the former has oil, the later doesn`t... ]

Try telling that to PEMEX, Mexico`s National oil company.

Mexico is also drilling and pumping oil out of Gulf of Mexico. Much before that, Veara Cruz and surrounding areas had/have on-shore oil.

hahaha...this is sure to set the collective asses of the welfare queen pakis on fire..

India Plays Increasing Role in Intel R&D

About half of the work on Intel’s recently announced ``teraflop research chip`` was done in India, highlighting the country’s growing importance to Intel’s research and development efforts.

Researchers in Oregon and Bangalore designed the programmable chip, which crams 80 cores onto a fingernail-size device that draws just 62 watts of power, said Vasantha Erraguntla, engineering manager at the India research center. Erraguntla led the 20-person design team in Bangalore that worked on the logic, circuit and physical design of the chip.

Intel provided some details about the research processor earlier this month, saying it can perform more than a trillion floating point operations per second, or a teraflop. It doesn’t plan to bring that particular device to market, but the researchers in Bangalore are now looking at the implications of putting such a powerful processor into a system.

The chip has spurred research projects in the areas of cooling, high-bandwidth interconnects and power management, said Vittal Kini, director of the research center, which was set up in 2004 and is the latest addition to the India development center in Bangalore.

Besides working on the teraflop chip, some 50 researchers there are working on other areas of circuit and systems research.

The development center is fast emerging as a key research and design location for Intel. The company has about 3,000 staff in India, of which close to 2,900 are in R&D.

Indian engineers work on the design of chips and chipsets, reference designs, system software and packaging technologies, said Sandeep Shah, director of the mobility group at the India development center. Indian engineers have full ownership of the development of key Intel chips for the server and mobile market, he added.

-John Ribeiro, IDG News Service (Bangalore Bureau)

#35 by zeemax on February 24, 2007 8:57pm PT

India will be America`s mexico and Pakiland will be India`s Guatemala.

zee
[...`One Country Two Systems` of Deng..]

I thought that referred to re-unification of taiwan...

venezuela is hardly a model for anybody for anything... Chavez is a jacka$$ and he is going ruin the country even worse than what is now...

Anycase - venezuela and mexico have very different political-social scenarios... the former has oil, the later doesn`t... both hardly have any educated class middle class that can drive the economy independent of the govt... india`s political-social scenario is very different from these nations... so I don`t think the comparison fits....

#30 ``who says it does``.....

the cause of higher suicide was
``Thakore alleged that moneylenders who unabashedly got gullible people in their clutches by charging a exorbitantly high rates of interest were mainly responsible for pushing people to suicide. ``

Why people wanted things more than they can afford..

Just one incident i read in recent trip to India with all its glitz people were jumping off there high rise apartment complexes some crores of rupees in mortgaes for just one such family...
Money is highly central to Gujjratis ....Harshad Mehta, Ketan parekh the stocks manipulator are its heroes including Ambani ( who is nothing but American Enrons puppet)

You contend Australia has same suicide rates and i say prolly USA also does but all these are highly mortgaged societies are on borrowed happiness which comes and goes easily

mohar11,

80% of chinese still live in villages ... and they have no ``social security net``

Are you kidding? 80% of China is still communist with guaranteed jobs, minimum wages and housing. Remember `One Country Two Systems` of Deng?

Take Venezuela where, after actually contracting by 8-9% in 2002 and 2003, growth (non-petroleum) was 18% in 2004, 11% in 2005 and 9% in 2006. Real income in the poorest sectors of society grew by 33% in 2004 alone. And it was all domestically led through Government spending ... socialist style, coupled with imposition of currency/capital controls. It all depends on whether you know how to do it, or not.

Best India can hope to become is a Mexico through relying on USA type policies. It will never become a Venezuela.

Re: # 30
Who said it did?

The other day - I was at a company party and was talking to the husband of a colleague - he works for IMF in Washington, DC... The guy was waxing lyrical about india, how we are doing so great, it seems we are ``envy`` for others... I was restrained because I know how much problems we have, but this guy was simply unstoppable...

The point is - a solid foundation has been built... time to move it to the next step... no whining, no bullsh!t, no distraction... only hard work...

Come to think of it: we just had 3 years of high growth rate... and the perennial whiners are already out in the open beating their chests... I mean, what do you even say to these losers?...

I mean - these professional whiners have been crying copious tears about the poor all the time... and yet, poor have still remained poor... where as, just a few years of restricted reform has already lifted millions out of the poverty, created an ever expanding middle class, has created world class companies, generated wealth never seen before, has boosted forex reserves to its maximum, taken the country out of perennial debt, in fact - has made the country a donor of assistance to others...

Moreover, it has given the confidence to people that they can do it, they can make this country work... people are out there working hard, working for their future... Instead of running around with begging bowl as the whiners used to do during golden days of their commie rule, the country is actually out there standing tall and making money... making waves, making people take notice, making things happen...

Just a few years of stop-and-go reform [which has been opposed tooth and nail by the very same professional whiners] has already shown the results in flying colors and yet, the whining never stops... the stupidity never goes way... these people never learn, never reflect...

Un-f***ing-believable!!!

Re: # 29
[...China solved the basics with harsh communism...]

China has solved ``basics``? there are 84000 riots last year involving the desperate rural chinese.... The cities in china accomdate around 20% of the population, 80% of chinese still live in villages, who need ``visas`` to enter their own cities and they have no ``social security net`` whatsover... this is not to denigrate the chinese in any way - but to point out the reality of any developing economy with very large number of people...

See - the problem with you and tolknin is that you guys want instant gratification... since we are comparing with chinese, here is what their man said and I paraphrase: ``everyone in china will get rich, only some people will get there earlier than others``...

You want to see 40 years of bad economics to be erased overnight... well, that`s a noble thought but it doesn`t work that way, you can`t erase bad results of 40 years of stupidity that quickly...

we just have 15 years of reform, which has progressed in fits and starts, with a lot of opposition and whining from commies..... unfortunately, we do not have the luxury of ``harsh communism`` to deal with our commies, that would have been sweetly ironical... Of that 15 years, only last 3 years we have seen the sustained high growth... so this is just the beginning... to compare with china, they have this rate of growth sustained for last 20 years...

India needs to sustain this growth rate over next decades and we still need to get rid of the commies, losers and whiners..... it`s long march and we have taken first few steps...So just hold on to your panti!es...

the ``model`` of development is very simple... generate wealth and invest in infrastructure, social and physical... many countries have done so... it ain`t rocket science...

#26 Nb..

Australia is also prosperous country ..if Gujrat is sited as properous among indian states it does not automatically signifies fullfilled state..
there are somthing that money cannot buy

#28 by harimau

Ok Harimau .. I don`t want to beat up on India at all, but 30,000 girl children sold into slavery is a very large figure.

There are (were) only two countries in the world with similar characteristics of a billion plus people, a huge landmass and equally large problems, crushing poverty, widespread social ills, inhuman conditions for the majority, and corrupt administrations. One was China, the other is India. China solved the basics with harsh communism and followed it up with capitalism. India rejected a mild fabian socialism and wants to jump to american style capitalism without even a social security net and develop.

Which parallel is India following? Or is it trying to invent one? How does it expect to succeed? Is it through trickle-down of 1-2 million people towards 998 million (or thereabout)?

Ref zeemax #27

[#23 by harimau

We now have glitzy malls and super apartment complexes in Bombay because we are not willing to put up with crapola socialist/communist policies.

Ahem ... now aren`t we a bit hasty here ... ]

Nope.

It is not my children who are being sold into prostitution. It is the children of those who have large families they cannot/will not take responsibility for.

More people have been pulled out of $1/day existence by the current economic policies than by the policies of double-speaking Commie momofukus who worked for Nehru.

#23 by harimau

We now have glitzy malls and super apartment complexes in Bombay because we are not willing to put up with crapola socialist/communist policies.

Ahem ... now aren`t we a bit hasty here ...

Your second largest city is named a `dark and dank morass` in this documentary aired yesterday:

LAND OF MISSING CHILDREN (Read underage sex slaves):

``An estimated 30,000 girls are trafficked into the sex industry every year. Some are sold by poverty-stricken parents hoping that their children will find employment as domestic servants. Others are simply snatched off the streets, drugged, raped and sold to brothel madams ``.

Those are the words of reporter Sam Kiley, who accompanied reluctant police on a raid where girls are rescued from a dank attic only to disappear again into the night. Land of Missing Children is set in northeastern india-one hub of the international sex trade. Many young girls end up in Kolkata (Calcutta) and nearby towns.