In this article , i would like to articulate my views on the Growth models of the Two big nations of the world , both competing for Top spot( as world Super power) in the next 20-30 years . The China Model is State-Sponsored Growth: Where the Govt mostly invests in Production/Manufacturing by the way of cheap labor & Land & No trade restrictions at all. Most of the Growth is export – oriented. While this can sustain in Short run(may be 20-30 yrs) , it’s quite foolish to defend that Model when we take Longer Period bcos some other developing nations like Brazil/Bangladesh can replicate their business model very soon and it will end the growth of China. The Indian Model is completely different . It is happening in-spite of all possible Rules & Regulations , All available resources being wasted by FOOLISH populist Schemes , No proper planning , No investment in Research , Lack of co-ordination among States in sharing Technology , Trade restrictions among the states themselves , Rampant Corruption , Black Money , Large-Scale Unemployment/under-employment ,Rampant Illiteracy , Lack of Basic Infra-structure,… All these problems can be solved very easily by any able administrator , with strong political will. In-spite of all these visible problems , INDIA is the 2nd in Growth Rate. China Model is doomed to death sooner or Later .Democracy is the Basic per-requisite of any Nation to occupy the Top slot. All these problems are quite visible and known to most of the people .This is quite visible with the Anti-Incumbency votes in the General Elections.(12 crores ppl voted for Congress which could also be interepreted as >100 crore ppl rejected it in 2009) .If ONE single person could focus on ONLY ONE issue and could shake the ‘high’ offices of those who are in power for 15 yrs , supposed to be one strongest woman in India , enjoying power in center since 10 yrs , misusing all possible Administrative set-ups with fear & foul.Its just a matter of Time , other people pick-up from there and unveil the true potential of INDIA India’s Growth is quite laudable, Robust. Fundamentals are very strong. Can some think of JUST MLA , being JUST ARRESTED for snatching/looting away 65 crores..?
Some proposals which could fetch immediate results would be
1) Inheritance Tax . (Reduce the greed to loot more :p)
2) Attach ALL the properties of those in Govt Offices , who are convicted of corruption. (assuming that they were earned in a similar fashion earlier..)