Essays on Contemporary Indian Economy
Corporate honchos-management gurus-intellectuals are all in agreement that India is on its way to becoming an economic superpower. An essential feature of all developed societies is: they spend huge amounts – 30% of their GDP – on providing education, health, old age security, clean drinking water, sanitation, etc. to their people…In contrast, India spends just 7% of its GDP on welfare services…How can a country which is home to one-third of the world’s malnourished children, where 42% of children drop out of school without completing basic schooling, which is the disease capital of the world, claim that it is on its way to becoming an economic superpower? And now, the new BJP Government has further cut government spending on health, education, drinking water, sanitation…
Why is the government hell-bent on privatising India’s public sector insurance companies, which are amongst the best run companies in the world, and handing them over to foreign insurance companies, who are known to be crooks, scoundrels and fast operators?
Why is the government permitting FDI in retail, when it has had calamitous consequences for small retailers, farmers and small businesses all over the world?
Coke-Pepsi are toxic brews…But if that is indeed so, why are these soft drinks consumed by millions of people the world over? And why don’t governments take action against them?