Comments on: The Long And Winding Road http://indianeconomy.org/2005/10/29/the-long-and-winding-road/ Issues & insights Sun, 20 Jul 2008 19:56:46 +0000 http://wordpress.org/?v=2.3.1 By: KK http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-1445 KK Thu, 22 Dec 2005 21:07:59 +0000 http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-1445 Leave India alone... Let the so-called Intellectuals keep guessing about India.. When it comes to India time stops? It takes a different meaning... The Western people were always wrong and would always be about India... They have big money and they want fast access to Indian market... So they want good distribution systems very fast.. But guess what they are not going to have it.. At least in the near future.. Bad infrastructure is good for Indian economy... It gives chance for Indian companies to establish and carve a chunk out of the market.. If you are frustrated with India then leave her alone, go and sell your products somewhere else and stop lecturing Indians how they should progress.. Bad infrastructure coupled by progress in Information technology is the best combination one can ask for... We don't want the Walmarts to sell our own products to ourselves.. Look at what's happening with the TV industry.. Sony Entertainment India is making all the money. Soon they will set up their Movie Studios and sell our own movies to ourselves... Why can't Bollywood movie making families don't make a distribution studio I still don't understand.. If we improve our infrastructure fast without improving our democracy then there would one day where the Americans would sell us our own Samosa like they have done to the Italian Pizza or the Mexican Taco... The World should accept whatever the pace at which Indian economy is growing and stop dictating us as a colony.... Leave India alone… Let the so-called Intellectuals keep guessing about India.. When it comes to India time stops? It takes a different meaning… The Western people were always wrong and would always be about India… They have big money and they want fast access to Indian market… So they want good distribution systems very fast.. But guess what they are not going to have it.. At least in the near future.. Bad infrastructure is good for Indian economy… It gives chance for Indian companies to establish and carve a chunk out of the market.. If you are frustrated with India then leave her alone, go and sell your products somewhere else and stop lecturing Indians how they should progress.. Bad infrastructure coupled by progress in Information technology is the best combination one can ask for… We don’t want the Walmarts to sell our own products to ourselves.. Look at what’s happening with the TV industry.. Sony Entertainment India is making all the money. Soon they will set up their Movie Studios and sell our own movies to ourselves… Why can’t Bollywood movie making families don’t make a distribution studio I still don’t understand.. If we improve our infrastructure fast without improving our democracy then there would one day where the Americans would sell us our own Samosa like they have done to the Italian Pizza or the Mexican Taco… The World should accept whatever the pace at which Indian economy is growing and stop dictating us as a colony….

]]> By: The Indian Economy Blog » Blog Archive » Don’t Try Kicking Sand In America’s Face… http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-1354 The Indian Economy Blog » Blog Archive » Don’t Try Kicking Sand In America’s Face… Mon, 19 Dec 2005 13:33:30 +0000 http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-1354 [...] #8217;s (or China’s) recent accomplishments. It’s just that India certainly ain’t no economic (or knowledge) superpower — not by a long shot. So, [...] […] #8217;s (or China’s) recent accomplishments. It’s just that India certainly ain’t no economic (or knowledge) superpower — not by a long shot. So, […]

]]> By: Prashant Kothari http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-591 Prashant Kothari Sun, 30 Oct 2005 15:51:59 +0000 http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-591 Renuka Your point is well-taken. I think "channeling" was not the approporate choice of word. <b>Caveat:</b> I'm not done extensive research on charities in India --- whatever I know is based on detached observation of my "community", the Jains... <b>My take:</b> Private charities aren't that well-informed ie, a) many of them aren't aware of the social returns on investment in primary education and health-care b) the benefits to consumers from basic investments accrue over a much longer period, unlike a high-tech hospital or a college c) the returns are more prone to leakages, and are somewhat more abstract (largely because of b) So, what we should be doing is <b>raise awareness about the ROI on primary education/ health-care among these charities</b> Renuka

Your point is well-taken. I think “channeling” was not the approporate choice of word.

Caveat: I’m not done extensive research on charities in India — whatever I know is based on detached observation of my “community”, the Jains…

My take: Private charities aren’t that well-informed ie,

a) many of them aren’t aware of the social returns on investment in primary education and health-care

b) the benefits to consumers from basic investments accrue over a much longer period, unlike a high-tech hospital or a college

c) the returns are more prone to leakages, and are somewhat more abstract (largely because of b)

So, what we should be doing is raise awareness about the ROI on primary education/ health-care among these charities

]]> By: Amitabh http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-588 Amitabh Sun, 30 Oct 2005 12:20:33 +0000 http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-588 I could not agree more with this assessment. India just does not invest a large enough proportion of its GDP. I am sure that electricity is similarly misused in China but it makes so much more of it. The question is how China manages to save 50% of its GDP, invest 45% and still have money left over to run a current account surplus. Dani Rodrick and Arvind Subramaniam of the IMF have argued that the Indian savings rate will rise in the years to come due to demographic factors. I could not agree more with this assessment. India just does not invest a large enough proportion of its GDP. I am sure that electricity is similarly misused in China but it makes so much more of it. The question is how China manages to save 50% of its GDP, invest 45% and still have money left over to run a current account surplus. Dani Rodrick and Arvind Subramaniam of the IMF have argued that the Indian savings rate will rise in the years to come due to demographic factors.

]]> By: Renuka Sane http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-586 Renuka Sane Sun, 30 Oct 2005 07:21:08 +0000 http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-586 Why do you want to "channel" private charities? You are begining to sound like the very policy makers you often deride. I thought market economics was all about money flowing to where the rewards were the highest. So perhaps, there is a reason that private charities park their funds where they do, if they do. (I don't know the numbers at all). Why do you want to “channel” private charities? You are begining to sound like the very policy makers you often deride. I thought market economics was all about money flowing to where the rewards were the highest. So perhaps, there is a reason that private charities park their funds where they do, if they do. (I don’t know the numbers at all).

]]> By: Abhi http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-585 Abhi Sun, 30 Oct 2005 05:40:34 +0000 http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-585 <blockquote> Coming to the second part of your question private charities,with all their resources,can manage and run state of the art medical facilities better than the government.</blockquote> True! But don't forget that charities can establish a hundred smaller clinics, as opposed to one big fat government 'state of the art' waste-of-taxpayers-money. It's always a 80-20 matter. Do we need specialized facilities to cater to 20% of needs, while ignoring 80% of simple health needs? Again, please keep in mind, that more than 50% of public spending doesn't reach it's intended target.

Coming to the second part of your question private charities,with all their resources,can manage and run state of the art medical facilities better than the government.

True! But don’t forget that charities can establish a hundred smaller clinics, as opposed to one big fat government ’state of the art’ waste-of-taxpayers-money.

It’s always a 80-20 matter. Do we need specialized facilities to cater to 20% of needs, while ignoring 80% of simple health needs?

Again, please keep in mind, that more than 50% of public spending doesn’t reach it’s intended target.

]]> By: ak http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-582 ak Sun, 30 Oct 2005 03:49:05 +0000 http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-582 What is basic?primary education or higher education?literacy or adult literacy?electrification of tiny villages in remote areas or electricity at cheaper rate?network of highways or the country roads connecting villages?Coming to the second part of your question private charities,with all their resources,can manage and run state of the art medical facilities better than the government.Government,at all levels,should initiate primary healthcare What is basic?primary education or higher education?literacy or adult literacy?electrification of tiny villages in remote areas or electricity at cheaper rate?network of highways or the country roads connecting villages?Coming to the second part of your question private charities,with all their resources,can manage and run state of the art medical facilities better than the government.Government,at all levels,should initiate primary healthcare

]]> By: Navin http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-578 Navin Sat, 29 Oct 2005 22:02:20 +0000 http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-578 I will hold a short position for now ;-) after seeing this http://www.ccsindia.org/gdas/toi.htm#sep11_2005 I will hold a short position for now ;-)

after seeing this

http://www.ccsindia.org/gdas/toi.htm#sep11_2005

]]> By: Niraj http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-577 Niraj Sat, 29 Oct 2005 21:04:41 +0000 http://indianeconomy.org/2005/10/29/the-long-and-winding-road/#comment-577 Whatever the naysayers may say, I'm betting long on India. :-) Whatever the naysayers may say, I’m betting long on India. :-)

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