Posted: Jul 15, 2008, 12:56 PM CST
riyablossom wrote:hmm ... its not exactly a patriotic streak ..
ok .. We gained Independence in 1947 .. since partition .. initially the growth was good .. but gradually as India opened upto the outside world .. corruption creeped in .. its that which spoils the growth ... slackens it ..
Like look at China ( the other fastest growing economy ).. the ways of the govt. are radical .. they need a dam built , everything in the way of the project as in land wise is cleared ... theres no option.
In India , the same thing takes a very long time cos of Humanitarian concern and being a democracy the govt. cant do radical change for any good reason. Hence the growth potential is ruled by too many factors .Plus the population factor.
Most importantly , when we started after partition , we were not as rich as we used to be as a nation. After all the Invasions ( ghazni , tughlaq ) andnot to forget the British Raj , most of our wealth was taken either plundered or stolen .. so we started from a level lower than our original.
While Pakistan hasnt really changed much since partition so i have heard.
So there is a definite resemblence but compared to Pak. , India has come a long way since partition.
WE didnt grow cos of nehruvian socialism, wrong strategy, we fed the license raj...cause of corruption.We r thankful to the british for giving us institutions of democracy like our independent judiciary,election commision,etc.How many privately owned world class companies can u name from china........ when democracy gonna come to china ..n it will sooner than later ...do u think a country like china would handle it.Look at pakistan its almost a failed state.India has shown remarkable resilience and growth in tough times.