"When I am with you and my thoughts are at rest and there is nothing to say, then I will know that my search has ended."

The guy who bores you here is Sreekanth, Indian, ex-Software Engineer, management student(IIM Ahmedabad)
Enthusiastic at worst, ecstatic at best.
View My Guestbook
Sign My Guestbook

03/01/2002 - 04/01/2002 04/01/2002 - 05/01/2002 05/01/2002 - 06/01/2002 06/01/2002 - 07/01/2002 07/01/2002 - 08/01/2002 08/01/2002 - 09/01/2002 09/01/2002 - 10/01/2002 01/01/2003 - 02/01/2003 02/01/2003 - 03/01/2003 04/01/2003 - 05/01/2003 01/01/2004 - 02/01/2004 06/01/2004 - 07/01/2004 05/01/2005 - 06/01/2005 07/01/2006 - 08/01/2006 08/01/2006 - 09/01/2006 10/01/2006 - 11/01/2006 11/01/2006 - 12/01/2006 01/01/2007 - 02/01/2007 06/01/2007 - 07/01/2007 10/01/2007 - 11/01/2007 01/01/2008 - 02/01/2008 << current

Life 'n' Love                                                         Indian Social Bookmarking  Music  IIMs and CAT    
TN Ninan in Business Standard:
...Most of all, there is the bald truth that rapid growth by itself achieves quite a lot on the employment front. All of this could perhaps be short-handed to argue that there is precious little that is wrong with the reform programme, except that there hasn’t been enough of it.

This is certainly not to argue that there is no unemployment in India, but to suggest that the UPA’s understanding of this very important problem is defective and probably born out of the syndrome that makes people dislike good news.

The result is that it is barking up the wrong tree with its preferred solutions, when the old arguments of reformers probably hold more water: create a flexible labour market instead of trying to protect the high-wage islands, get rid of small-scale reservations so as to allow the growth of labour-intensive industries, reform agriculture and create the infrastructure to support rapid economic growth.

The reformers in the UPA government may have exactly these policies and objectives in mind, but they will be hamstrung by the assertions of the Common Minimum Programme. More’s the pity.

After 6 years (or atleast last 2-3 years) of good rule by the NDA where reform was better thought out, we are now going to see the UPA take a short term view and take us back by years. Thanks to all those who voted. You guys did a great job.

Saturday, June 05, 2004
Comments: Post a Comment
This page is powered by Blogger.