India's quest towards modernity
JRD Tata was always optimistic about India’s future. Jack Welsch too had been upbeat on India’s progress. He felt infrastructure in India is the only bottleneck hindering India’s progress but this can be tackled by Indian bureaucrats. Richard Gere in his recent interview said ‘India is on roll and if the momentum is maintained, India could well be a world power within 200 years’. 200 years ?? I thought it is far too long. Japan had shown country can be transformed in a span of 30 years. China went even further; they changed the economic scenario within 15 years but they are still far away from uniform wealth distribution across the country. For me, India is placed in precarious position that is very unique. At 8% plus p.a. economic growth, India offers attractive market for many commodities but I feel its being pulled by two opposite forces– one by quest for modernity by educated and vibrant youth and other by deep rooted concepts of antiquated socialist ideas. Chances are that it may ...