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It is difficult time for India. US recession threatens to hit hard the economy. Investments are shrinking owing to global meltdown. Terror strikes and internal conflicts further make the business environment tense, rather unfavourable. The polity is undergoing immense churning. State elections are on and general elections are expected soon....
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| EDITORIAL
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A credible India
It is difficult time for India. US recession threatens to hit hard the economy. Investments are shrinking owing to global meltdown. Terror strikes and internal conflicts further make the business environment tense, rather unfavourable. The polity is undergoing immense churning. State elections are on and general elections are expected soon. Politicians are naturally out to prove credential. The economic meltdown and crippling terror attacks have made citizens restless. There are public outpourings against politicians post Mumbai terror attacks.
There is a growing sense for change the way the country has been approaching its economy, social structure and governance. And for a change the growing sense for change is not just another rebound of an extraordinary situation. Rather it has been accumulating since long but just got out in recent times.
The US recession raises questions about raw capitalism. Indians share the same concern. It is because the boom has started cooling down though not at the rate US witnessed it. Large number of people still remains poor. The economic growth has definitely not touched this section of people. The economic boom was expected to trickle down prosperity to this section. It is high time that the format of economic growth must be refined to achieve this end.
Conflicts have been impacting investments in India's poorest states. And these conflicts are there for decades exhausting state capacities to fight. It has been the standard law and order outlook to all conflicts that have perpetuated some of these conflicts. India needs to rethink. While effective policing is one part of the strategy, there must be fresh attempt to understand and change ways to curb such conflicts. Again, it calls for change.
It comes as the perfect opportunity to turn a crisis into a spring board to leap forward. There is a crisis of credibility. People's perception of our policy makers must change. To achieve that policy makers must make people as their core of politicking. India's new identity of an economic superpower is under doubt as the world hesitates to endorse its credibility as confidently as it used to be in immediate past.
India has been selling itself as 'Incredible India' to outsiders. What we need now is a more credible India.
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