Comments on: The McKinsey Quarterly Interview with Manmohan Singh http://indianeconomy.org/2005/08/25/the-mckinsey-quarterly-interview-with-manmohan-singh/ Issues & insights Thu, 21 Aug 2008 21:40:33 +0000 http://wordpress.org/?v=2.3.1 By: Prashant Kothari http://indianeconomy.org/2005/08/25/the-mckinsey-quarterly-interview-with-manmohan-singh/#comment-159 Prashant Kothari Sun, 28 Aug 2005 00:26:48 +0000 http://indianeconomy.org/2005/08/25/the-mckinsey-quarterly-interview-with-manmohan-singh/#comment-159 I was rather surprised at how forthright MMS was..it's one thing for outsiders/ journalists to complain about the Hold-India-Back crowd but one thing for a PM to be so forthright. However, I'm still unclear whether MMS's words are the harbinger of more action to come (as Bhalla seems to think http://indianeconomy.org/2005/08/06/manmohan-singh-finally-flexing-his-muscles/) or whether they're just a signal of frustrated intentions. I'm hoping it's the former, but as the cliche goes, actions speak louder than words I was rather surprised at how forthright MMS was..it’s one thing for outsiders/ journalists to complain about the Hold-India-Back crowd but one thing for a PM to be so forthright.

However, I’m still unclear whether MMS’s words are the harbinger of more action to come (as Bhalla seems to think http://indianeconomy.org/2005/08/06/manmohan-singh-finally-flexing-his-muscles/) or whether they’re just a signal of frustrated intentions. I’m hoping it’s the former, but as the cliche goes, actions speak louder than words

]]> By: Sanjay http://indianeconomy.org/2005/08/25/the-mckinsey-quarterly-interview-with-manmohan-singh/#comment-149 Sanjay Fri, 26 Aug 2005 21:18:53 +0000 http://indianeconomy.org/2005/08/25/the-mckinsey-quarterly-interview-with-manmohan-singh/#comment-149 The World Bank Blog has also discussed this interview, and it seems McKinsey has also given them some sort of special link to another article on our poor mineral performance - I guess that the advanatge of being the WB?! They also say McKinsey is working on a special India edition. See: Special links: http://psdblog.worldbank.org/psdblog/2005/08/from_the_kind_f.html Mineral red tape: http://psdblog.worldbank.org/psdblog/2005/08/unearthing_indi.html Innovative indian business models: http://psdblog.worldbank.org/psdblog/2005/08/innovative_indi.html The World Bank Blog has also discussed this interview, and it seems McKinsey has also given them some sort of special link to another article on our poor mineral performance - I guess that the advanatge of being the WB?! They also say McKinsey is working on a special India edition.

See:
Special links: http://psdblog.worldbank.org/psdblog/2005/08/from_the_kind_f.html
Mineral red tape: http://psdblog.worldbank.org/psdblog/2005/08/unearthing_indi.html
Innovative indian business models: http://psdblog.worldbank.org/psdblog/2005/08/innovative_indi.html

]]> By: Roehl Briones http://indianeconomy.org/2005/08/25/the-mckinsey-quarterly-interview-with-manmohan-singh/#comment-145 Roehl Briones Fri, 26 Aug 2005 12:37:32 +0000 http://indianeconomy.org/2005/08/25/the-mckinsey-quarterly-interview-with-manmohan-singh/#comment-145 The same issue of the Mckinsey Quarterly also has a fascinating comparison between India and China. The two contrasting are contrasting experiments in market reform: one is doing it the authoritarian way, with populism automatically managed through the state; the other must muddle through the populism-reform dynamics through democratic processes. I'm willing to bet in the long term on India, mainly because I have strong reasons to doubt whether China can insulate its political system from democratization pressures as a vocal middle class emerges. India it seems faces the reverse problem of insulating its economic policies from political pressure. Eventually, this will turn out to be the easier task. The same issue of the Mckinsey Quarterly also has a fascinating comparison between India and China. The two contrasting are contrasting experiments in market reform: one is doing it the authoritarian way, with populism automatically managed through the state; the other must muddle through the populism-reform dynamics through democratic processes.

I’m willing to bet in the long term on India, mainly because I have strong reasons to doubt whether China can insulate its political system from democratization pressures as a vocal middle class emerges. India it seems faces the reverse problem of insulating its economic policies from political pressure. Eventually, this will turn out to be the easier task.

]]> By: anon http://indianeconomy.org/2005/08/25/the-mckinsey-quarterly-interview-with-manmohan-singh/#comment-139 anon Thu, 25 Aug 2005 23:56:38 +0000 http://indianeconomy.org/2005/08/25/the-mckinsey-quarterly-interview-with-manmohan-singh/#comment-139 None of the responses actually tell us anything we didn't already know. But to be fair, the members of parliament would not have been forgiving of a forthright Manmohan. None of the responses actually tell us anything we didn’t already
know. But to be fair, the members of parliament would not have been
forgiving of a forthright Manmohan.

]]> By: Krishnan http://indianeconomy.org/2005/08/25/the-mckinsey-quarterly-interview-with-manmohan-singh/#comment-138 Krishnan Thu, 25 Aug 2005 20:07:15 +0000 http://indianeconomy.org/2005/08/25/the-mckinsey-quarterly-interview-with-manmohan-singh/#comment-138 Manmohanomics will work provided Manmohan gets a chance. The left doesn't waste any opportunity to pull him down, and going it alone doesn't seem possible at the moment. When Gurucharan Das interviewed Manmohan for his book(India Unbound), he says he found a reticent chap, a political player and not a visionary like Mahatir. As long as the losers on the right ( BJP & other templewalas ), and the losers on the left ( CPM,CPI,various Marxist,Leninist, Stalinist factions ) hold him down on either side, Manmohan will be left airing sound economic critique to McKinsey instead of getting the go-ahead to actually implementing these policies & doing some good for the nation. Manmohanomics will work provided Manmohan gets a chance. The left doesn’t waste any opportunity to pull him down, and going it alone doesn’t seem possible at the moment. When Gurucharan Das interviewed Manmohan for his book(India Unbound), he says he found a reticent chap, a political player and not a visionary like Mahatir. As long as the losers on the right ( BJP & other templewalas ), and the losers on the left ( CPM,CPI,various Marxist,Leninist, Stalinist factions ) hold him down on either side, Manmohan will be left airing sound economic critique to McKinsey instead of getting the go-ahead to actually implementing these policies & doing some good for the nation.

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