Is our PM, Manmohan Singh really living in India when he says that; "the government is committed to the pursuit of inclusive economic growth" at the 17th Commonwealth Law Conference in Hyderabad. He further stated to a gathering of over 800 judges, lawyers and other legal practitioners from 54 countries that "The welfare of the poor and the common man is the centerpiece of our policies," and claimed that India's economic growth remains firmly anchored in the Nehruvian vision of an egalitarian society.As a highly educated economist PM, acclaimed and credited for turning the sluggish socialist Indian economy into a developing economy is ignoring the fact that India has added 100 million more people below the poverty line since he has been at the helm of UPA/Congress government since 2004. During his tenure the poverty rate has risen to 37.2 percent of the population from 27.5 percent in 2004, as per the UN estimate.
Mr. PM how can you only take pride at the positive indicators of the Indian economy and lead an ostrich like existence ignoring the 800 pound gorilla in the room when you say "We have remained steadfast in our commitment to implement constitutional directives to ensure that our policies and laws uphold human dignity. While opening up our economy and freeing it from the shackles of bureaucratic controls over the years we have endeavored to pursue distributive justice as mandative in our magnificent constitution,"
How can you ignore the growing chasm between the haves and the have-nots and not understand that the negatives in India are hurting more people that the positives are helping? How can you ignore that the people in India with money and resources are looting the nation and amassing/stacking more wealth in tax heavens abroad. How can you not take any action to bring back the black money and shamelessly inaugurate a conference on "Emerging economies and rule of law".
How can you ignore the fact that inflation on the food prices are making it impossible for a poor person to get the staples like daal-roti or onion? How can you ignore the rampant corruption and record number of mega billion crore scams happening right under your watch and still call yourself Mr.Clean.
You said in the conference that; "It is my firm belief that meaningful and effective solutions to the problems of mass poverty that prevails in many developing countries can be found only in the framework of a rapidly expanding economy. Rapid economic growth is a prime necessity. It is necessary to create a macro economic environment that is conducive to the promotion of savings, investment, entrepreneurship, innovation and management of rapid technological changes."
To only focus on the positives and call it inclusive economic progress is myopic at best. It is foolish to lecture and preach to the world on something that you have not followed.
PM calls for legal system supporting development
Hyderabad, Feb 6 (IANS) Prime Minister Manmohan Singh Sunday said that developing countries need a legal system conducive to both rapid economic development and promoting equitable distribution of the fruits of development.
"The developing countries need a legal system which is conducive both to rapid economic development and which also has built-in mechanism to promote the equitable distribution of the fruits and gains of development," he said while inaugurating the 17th Commonwealth Law Conference here.
The article can be read at: http://www.indianewspost.com/india/45349pm_calls_for_legal_system_supporting_development.html
As India Thrives, Its People Remain Hungry
Western investors may take eager note of India’s economic growth rate of nearly 9 percent a year. But that statistic rings hollow in its vast rural areas. Agriculture employs more than half the population, but it accounts for only 15 percent of the economy — and it has grown an average of only about 3 percent annually in recent years. Critics say Indian policy makers have failed to follow up on the country’s investments in agricultural technology of the 1960s and ’70s; they have focused on more glamorous, urban industries like information technology, financial services and construction.
The article can be read at: http://www.nytimes.com/2011/02/12/business/global/12food.html?hp
Industrial growth plunges to 1.6% in December
NEW DELHI: Industrial growth slowed even further to a dismal 1.6 per cent in December, 2010, from 18 per cent in the same period a year ago due to the poor performance of the manufacturing sector.
The article can be read at: http://timesofindia.indiatimes.com/business/india-business/Industrial-growth-plunges-to-16-in-December/articleshow/7474050.cms
The picture is from: http://seeingwithc.org/jsblog/?cat=14
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