Thursday 7 April 2011

Growth is painful


Ask the teenager about growing wisdom tooth. Ask a chubby guy about growing belly. Ask the middle class family about growing budget. Ask the poor parents of a growing daughter. Ask the parents of growing disabled child. Ask the poor man about growing prices. Ask the slum of a growing city. Ask the rivers and forests about propulation growth. Ask the nature about industrialiasation. Ask the humanity about growing intolerance. Growth is invariably accompanied by unavoidable evils that leads to pain. Why do we want growth then ?

You need to mine aluminium or build a dam so you decided to clear up some thousand hectares of forest land. Take the tribals out of forest, give them homes and work in a town and education for their kids. You call this development. Let us see who are happy ? The MNC which got the project, the bureaucrat that gave the clearances, government which can boast of growth. Who bears the pain - the atmosphere which would have more CO2 at its disposal, the biodiversity, the tribals whose community is completely broken and identity is lost. Right, this was a happy case scenario when the tribals get what they are promised. Reality- 10 % of the tribals die in the process of opposing such projects, political bodies use the opportunity to gain political mileage but do actually nothing. 30 % of them join the naxals. 60 % make up for the slums and work at construction sites.

Growth is accompanied by inflation. Growth is for the rich but inflation is for the marginal. The big corporates earn huge profits, where does the money go ? To the rich shareholders, hefty bonuses to the CEOs and nothing to the aam aadmi. The rise in prices of basic goods and services affects the aam aadmi and not the corporates.There is growth in prices of grains and vegetables but why is the farmer still poor ? Because the grain and vegetable has changed some 10 hands in between the farmer and the consumer and those 10 hands(business) made all the money.

India has been growing at more than 8 % (average) since the last 6-7 years. I can see urbanisation but not without slums and increased crime. I can see the stock market booming, the FIIs making money but only at the loss of the retail investor. I can see the rich guy travelling on subsidised petrol but 60 % agricultural lands are still unirrigated and monsoon dependent. I can see hill city Lavasa coming up but i cannot see more than 5 MBBS doctors in Dantewada (population of 70 Lakhs). I saw green revolution and India attain food sufficiency but i still see India as the most malnutritioned country. I see Ambani topping Forbes list but I still see India low on human development index.

It is the crisis of growth. Growth is painful !

8 comments:

  1. bhai data kahaan se mila???
    supa work.
    niceee...

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  2. Nicely written dost!!
    Very good points brought forward, though at times, a little too narrowed down view of the subject has been used.
    One other thing that I would like to say is that the blog, like most others, only puts forward the problems that growth fosters and makes no mention of ways to tackle those. But probably, the aim of the blog was just to raise awareness of the perils of growth, and therefore, the contents of the blog. ;-)
    Please pardon my profanity or my train of thoughts. Nevertheless, very nice blog. Good to see you writing again. Keep more of these coming. ;-)

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  3. Feels refreshing to see a blog by an engineer that has economics ka 'Tadka'! ;-) Nice one bhai!! :-)

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  4. it's really nice to see you coming with such facts but bitter observations. It's obvious from you and not a big surprise but its just beginning and miles are even left to covered...any way fantastic work ..hopping many more with eye opening points..

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  5. Thanks all for such wonderful comments.

    @Amit: this is product of extensive reading, no particular source for the data.

    @RP: thanks for the constructive feedback, point noted. While writing down i too felt my view getting narrowed down but as rightly mentioned by you the aim was to highlight the pain, we all know the benefits. As regards to the solution it is discernible from the concluding paragraph where i highlighted the need for prioritizing right things.

    @Abhi , Sumeet and Ahsan: thanks bhailog

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  6. Growth was always going to be painful for the needy and poor.Unlike 'development', growth has no social indicator. It was always about the growing numbers for the rich and the oligarchs.

    The need is of development with growth.

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  7. Rightly said, sustainable "development" rather than growth is the key.

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