The prospect for India’s economy on the whole are balanced and set for growth, especially in comparison to Pakistan. Something the decision makers in Pakistan should finally accept and learn to how catch up with. It may take decades to do on a per capita basis, but something that needs to be set as a national goal.
The longer they wait the more they will have to catch up with, that’s they may not be able to enjoy it’s fruits in their lifetimes.
Pakistan can sorely do a lot better for sure.
But that goes for India too. Its just matter of degree in the end....but its nothing to write home about for India's case.
"Balanced" is subjective here in end. I don't see things as balanced for India as I put the social engineering aspect (for social stability and cohesion aligned to truth, reason and justice) as the primary consideration.....far before anything to do with the economy.....as really the economy flows from this. The economy cannot fix what is broken here.....it is downstream to it.
i.e the great importance of what are the basic rights in every individual to be protected by the rule of law.....rather than be pressured, challenged, eroded.....or stripped away or not given at all to begin with.
I have met many kinds of people in my life so far, I thank God for that opportunity....I wish one day far more human beings have the same.
Some of the most interesting have been the exiled patriots.....the older the better (as that means the depth and length of what they've seen and know about).
The reason why is they, more than anyone else I've seen, fundamentally understand the consequences of social engineering done wrong....what they loved about an older version of a country before say a regime imposed and corrupted it for some stretch of decades. What they still sense as surviving past that all and what may have changed permanently for the worse.....what part of the population struggle and strive against it, what portion are active in enabling the corruption, what portion are resigned to it, what portion have stockholm syndrome to it and so on.
Iranian friend elder to me by decades...you can tell him any number, any balanced outlook or prospect related to Iran today and it will just evoke a fierce anger for reasons he has made quite plain to me....as simply the captors and all their lackeys have to go, and that these secondary numbers and burnished propaganda mean very little compared to it.
He at least has been able to isolate the specific problems somewhat, in order to love the "deeper" country to the degree he can manage with his age and time away
Another exiled patriot, an even older Chinese friend who has passed on some years ago, saw far worse and fared worse on this stuff. He found the despot praise of the Japanese "war" helping bring him to power especially distasteful....and the continued cult image for the regime to preserve. From that all the other extreme excesses and their sociological costs were almost inevitable, as there was some never-ending need for social warfare....as only war made sense to the despot.
6 trillion, 16 trillion....or 60 trillion or what have you could never be attributable to the regime (anything good that came to society from these numbers, whatever is true and fake about them.... was wholly the degree to which the regime was finally getting out of the way from things it should never have been puppeteering top down to begin with, while drastically absconding from being aligned to truth, justice and virtue to begin with....or even inverting and perverting these).
Simply put the regime has taken away too much (from both him personally and from his larger people, especially the weak, innocent and defenceless), that it can never give back....yet wont hold itself to account. It prefers delusion by some might makes right....totally contrary to way reality aligns to truth in the end.
So now come the costs, the costs always come in the end....as reality always wins in the end. You need comprehensive development of honest and truthful society in the end to completely dominate the scope of any regime, as to what the regime is alloted to, what its purpose is.
Otherwise you get even the hotchpotch costs of the downstream things in the economy....like the what and how of why price signalling was never allowed full transmission in the old marxist contraption opened to just this or that tier and level, and which sectors doggedly stick to labour theory of value.....and the great accumulating costs here to further add to the sociological ones. Real estate problem in China is just one part of it though not the only one....but it is all tied to the earlier period of the CCP and what it brutalised upon the people with unchallengeable mandate and far too few scruples.
India ignores all of this at its own peril. There are fundamental valuable things that were never in great shape that it is making worse now.
It is imperative that is course corrected and set on better heading again....only by doing that is there more assured basic balance on the downstream things like economy, that are ultimately heavily reliant on this. Wealth and progress cannot come in any meaningful way to a weak, fissured society eternally scapegoating and struggling with itself on matters that should have been left behind long ago.
www.theatlantic.com
timesofindia.indiatimes.com
indianexpress.com
