Please read this, only if you have extra-ordinary time to spend. You could as well be fed up with the topic under discussion, as it is repeatedly under diagnosis.
The Question is “Is India growing at an extreme rate, that it will over-take US of A in few years ?”
Yeah, I know. This is a crazy question which might have varied responses. Most of them might express their patriotism, and many of them see the greener side of growth in India.
But ground reality is only the statistics. A statistical study of GDP, Un-employment, Under-employment, Population, Poverty and Mercedes-Benz (?) can tell us the growth in India. Unfortunately the Internet doesn’t have the detailed (or updated) information about the math.
I will tell you what I see everyday.
I see many cars in Chennai Streets (more SUVs). I see huge counts of constructions. A majority-population of final year BE students, this year, have found a job already. Many World-Furniture shops in elite roads. More Hotels. More bike-riders with a tagged ID Card hanging on their necks. Same crowd in Renganathan Street . More Business.
Virtually all houses have Color TVs. More pockets, now, have a Cellular Phone.
But this is Chennai, that I see by 7.30 mornings.
There is a Chennai, that I believe I have not seen, and Chennai alone is not India.
More people are now affording to buy a C- Class Benz. People are getting richer. Yet, there are people who still sleep on roads. There are still beggars. They have not reduced in number. I only feel, the rich are getting extremely richer and the poor remain poor.
I understand that these situations can’t be wiped out.
We still need one person to tighten up the Nuts and Bolts on our future cars in Sriperumbudhur. We still need a hand that will pack the matches, as long as we are going to smoke. I feel, at whatever situation, the economic imbalance can’t be straightened up.
Or am I just blind to some great economic facts about India.