Sunday, July 18, 2010

Who and What India would be?

Michiko-san, a 60 year old Japanese lady who is an avid traveler and a colleague of mine was telling about her spinster days when she first traveled to UK, then around the world in her quest to learn English by interaction and to explore places. She added "You may think that I must have been rich. But I very much belonged to middle class, but in 1960 Japan's economy was growing and Japanese people felt they can pursue and achieve anything they want"

I thought, now India is in a similar mood. It is growing and its middle-class is ambitious. Only we have more poor people to liberate from poverty, more cities to organize and more institutions to rid of corruption, more people to educate and more laws to enforce.

Just as it happened to Japan, the growth will one day slow down, or worse, come to a halt. And when that happens, even if we have the intention we may not have the excess cash. Whatever we do before then will what determine what and how India would be before we hit the ceiling of growth.

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