Saturday, May 2, 2020

INDIAN GROWTH STORY: THE WAY AHEAD ---- PART I

The first two decades of independent India should have given the country a sound agricultural footing, the basic infrastructure, a pool of scientific, technical and managerial personnel, a fairly good human resource of blue, white and pink collared workers and adequate financial resources. India was doing reasonably well on all counts up to about 1967 but then we were stuck by the malaise called corruption empowered cabal . Theoretically, every Tom, Dick and Harry of Indian polity and intelligentsia would describe the next gen growth engines of Indian Economy, namely, Infrastructure and Human Resource Development - Next Gen Growth Engines Of Indian Economy, Indian Energy Security - the next gen growth engine, Corruption Mitigation and Good Governance - The Biggest Growth Engines for Indian Economy .But  THE BIRTH AND RISE OF CORRUPTION EMPOWERED CABAL was so fast and overwhelming that the minuscule number of honest and uncompromising individuals of India want to forget these four decades as a bad dream.

During this period, one prime minister remarked that corruption was a universal phenomenon and India and Indians should learn to live with this. Another prime minister remarked that out of 1 Rupee given as a welfare measure by the government only 15 paise reaches the beneficiary. Needless to emphasize that the rest is gobbled by this cabal.Many of this cabal will point out the increase in GDP and per capita income during this period but will not tell you that India could have been more than a conservative 10 trillion Dollar economy instead of 1 or 1.5 trillion.
We have lost about 10 years of the great opportunity window that came our way in the form of energy security disruption and disruption in vehicle industry coupled with the great demographic dividend we possess today, to become prosperous. What ever is gone is gone. We still have 2/3 rd of the opportunity window available to make amends.  Ideally no nation  should ever forget the following lines which are passed down the line generation after generation in the text books of wisdom.

Good Economics and Good Governance is Ideal; 

Bad Economics and Good Governance is A Compromise;
 
Bad Economics and Bad Governance is A Disaster; 

Good politics, bad economics and bad governance is A Catastrophe.

We as a nation have to strive to raise ourselves from the level of Good politics, bad economics and bad governance to the level of Good Economics and Good Governance. With Aadhaar and computerization nothing is impossible in the realm of corruption mitigation and good governance, if the national will is there. 
  • Start with the Census of India. Ensure no duplicates, no fakes.
  • No fakes and duplicates in the population of India and its citizens.
  • No fakes and duplicates in voter lists - Aadhaar linked
  • No fakes and duplicates in PAN Cards -  Aadhaar linked
  • No fakes and duplicates in Bank Accounts - Aadhaar linked
  • No fakes and duplicates in ration card holders - Aadhaar linked
  • No fakes and duplicates in other doles and subsidies - Aadhaar linked
  • Linking of all real estate with Aadhaar in case of individual property owners 
  • Linking of all real estate with some unique no  in case property owned by non individual
  • Linking of all other Asset Classes like gold, equities with Aadhaar 
The corruption empowered cabal entrenched in polity of all hues, bureaucracy, judiciary, media, businesses, self employed persons and the so called intelligentsia is sparing no effort in delaying the process of computerization and linking of Aadhaar to all Indian human beings, all subsidies and payments  these guys receive from all government and non government entities, all their assets movable and immovable etc., etc.. Privacy and no other objection to these measures should come in the way because nation has the right to know whether any list contains fake, duplicate or names of dead persons. And it is the prime responsibility of all organs of the government i.e. legislature, bureaucracy and judiciary to curb and mitigate all practices that are contributor to theft and evasion of taxes, corruption/bribery, black money generation.

THE DEGRADED POLITY OF INDIA

 Who said that bastardly thought process was the sole proprietorship of biological bastards. It comes in naturally and automatically once yo...