India: Is Growth Coming at Expense of Development

anyway, as for your question ``as where else is the money going to come from?`` see my post #2...

1. Huge amount of money is locked up in public sector companies that can be released by selling them. at this time, there is no more reason to hold on to those white elephants, now that indian companies have proved to be competitive in global stage... this money should directly be invested in social sector.

2. Indian govt` always has the option of bonds and other govt instruments to raise money from public...

3. Private-public participation with full control given to private companies... this model will go a long way in building the roads, ports and other physical infrastructure...

4. Any more funds can be acquired from international institutions, WB, IMF etc...

It`s no rocket science... many countries have done it before...

Re: # 8 zee

Dude - on economic issues, there is no point comparing india with pakiland ... it`s like comparing a green apple to a lemon... both are fruits, but only one can grow up to be sweet and beautiful... [ Actually, I am not sure if lemon is even a fruit, just like I am not sure pakiland has an ``economy``]...

Re: # 8
Mr. Zeemax no govt can manage such arbitary ratios . You can explain how they can manage ? What is mechanism even at hypothetical levels. In poor countries the less ratio is better is my honest opinion. As most money Govt spent ends in hands of elite by corrouption waste and out right fraud. Poor have been paying indirect taxes while rich do not pay even taxes most of the time. All our trading community is not paying taxes for years.I have no objection in giving money to poor people directly. Everybody specially poor really knows how to spend money properly for his family. ( we exclude addicted people). Look so much money is given by Govt of USA just last 5 years simple calculation shows about 500 dollars/ per person in our country. But all people are angry and antiamerican. As american are fools and they want give money to elites. USA gave money but how much each Pakistani got, zero. If american mails every pakistani cheque of 500 dollars for last 10 years per people will do something better. Pakistan will be most proamerican. I really hate organisation who take foreign money and ``decide`` to help poor people. Why not give directly dollars to poor people. Same govt help is bogus. If they want poor to be help write checks poor will do better spending proprly. With all faults growth only helps poor as they get chance to work. Consumption is key. When I was young and misinformed emotional and stupid use to feel why rich people spend money on lavish weddings use to feel waste. As I grew up and understood I get employment, hundreds and hundreds of poor get jobs making food serving food, cleaning. If these rich people decided to have no lavish parties poor will suffer. Presently Credits make consumption possible and helps poor more than rich. Whatever way you can increase consumption product and services are needed and good for all society. This is sure way to fire economic engines and leads inflation for sure but creates wealth and jobs and services . Keynes was advocate of spending by govt to increase consuption which FDR did and british govt did after war. One should not worry ``extremely`` about inflation as one has to live. ( Keynes said about that famously after all ,all we die at end).
I agree with Mr. Ranjit there is big thing keeping india down is ``Sublimation`` of poverty. ( Simple living was necessacity not virtue) Unfortunately people change and spending money become acceptable pleasure than sin and that and credit avaylability and consumption is fueling Indian econony and growth is locomotive of Indian ( or any economy). Now there is so such wealth created at 9% even elites and socialist will need military rule to reduce consumption of poor people. ( in both countries consumption by poor have gone up campared to 1947 which is good , when I was small most mid class did not have many goodies compared poor people of today, tech has made this revolution). I am always fearful of simple living and high thinking people who can play havoc with life of people for sticking to some outlived ideas about ``economy``.
Also these ration can not be set. If you go in interior Sindh there is no work almost any thing and people are helpless. Also at development stage they are not much jobs are there. Whatever way wealth is created wealth is wealth. It always choice between inflation or unemployment most poor will choose inflation as you can live with inflation not with unemployment. Also keep in mind the ideas of ratios etc will need revolutions and forcing poor as well as rich through harsh enviornmet. Over long term most so called revoltions are bougus and cruel and harsh reality is they are farce . Nothing changes, poors of Tehrans live in miserable south part of city before and after Islamic revolution same everywhere. If you want to raise that ratio you need growth so govt can pick up revenue.
Have good afternoon to every body.

Re: # 9
I have read Indians are getting fat.
That means they are over eating on average, even in usa there is food hunger they say does not mean americans are starving.
The auther has left over theories and these theories in search of evidence. (This may be due to attraction of Indian`s to socialist Ideas, part of sublimation of poverty). This very similar to local fantacies and theories here of ``establishment of Khalifate here and then spreading global``.

Re: # 3 The only institute of higher international education recognised by UNO experts is Jawaharlal N. U. in India.
Is it tough to get admissions as IIT college and Management colleges ?
Do JNU grads end up in usa as all iit college students ?

Re: # 3 The only institute of higher international education a recognised by UNO experts is Jawaharlal N. U. in India.
Is it tough to get admissions as IIT college and Management colleges ?

Authour should answer should growth be stopped to have ``development`` ? Also its not cleat to me from article what is development exactly?
Is growth bad like excessive fat in body ?
Political Science is bit complex , its strange animal.

Re: # 4
This is creating confusion for retard like me.
``India boasts of numerous rivers, canals and dams yet agriculture is primarily rain-dependent``
If suppose all dams and canals are destroyed will agriculture will become independant of Rain water ?
All agricutural is Rain dependent with or without dams and canals. But in India things may be different , its strange country and strange things happen there.

[...As Nobel Laureate Amartya Sen said in a public lecture recently,the solution is through government investment of the benefits of economic growth and the rising GDP in education, health care and other social sectors....]

Thank god Amartya Sen, the big-shot economist told us - otherwise we would have never known this ultimate secret...

Investment is social sector is a f***ing no-brainer... but would commies and freaks dominating indian politics ever allow it?... vast amount of public money is locked up in f***ed up ``public sector`` companies - it`s a no-brainer to sell them and re-invest the money in roads, ports, power, education - the social sector... but only if commies have brains can they think - right?...

I mean, what the f*** does it really take to make people understand the very obvious thing - the thing that is staring at us in the face all the while...

Amartya sen and Mohommed Yunus both nobel laurette are economist by training so atleast the contention of economic growth being different from economic development certainly sounds logical and cogent