For a country that became politically free in 1947 and took a stab at economic freedom in 1991, the script in 2013 could not have been worse: An economy going downhill, a currency into free fall, and a widespread feeling of despondency and frustration. A more full-blooded embrace of markets should have brought corruption down and increased competition for the benefit of customers and citizens alike. But that was not the path we took over the last decade. An expanding pie should have provided adequate resources for offering safety nets to the really poor even while leaving enough with the exchequer to fund public goods. But India is currently eating the seedcorn of future growth with mindless social spending.
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(This story appears in the 23 August, 2013 issue of Forbes India. To visit our Archives, click here.)
I believe illiteracy and poverty needs to be eradicated. ART OF LIVING HAS ADOPTED 23000 villages. Corporates should follow! Secondly oil imports should be reduced and blended petrol n electric vehicles should be promoted.on Aug 22, 2013
Excellenton Aug 17, 2013
Yes Freedom is required but what have we done with it until now, how have we harnessed the power of it. We raise flags all over to hang rapists but what about the media pervertism which they overdo by posing semi-nude/nude pictures of actors saying \"oops moment\". Have they stood ground to report the hurdles faced by the common man, have they made highlights or showed up in front page. When I was growing up I was taught about the vital role played by then leading magazines that united people for FREEDOM. What we need is Innovation, Creativity and to be Independant. Can we count or name the greatest advancements that shaped the world yes we would be naming somebody from America or other country. We are great followers of tech, I see now the common man has a smart phone but does he have food filled in his plate throughout 365 days. We have got the freedom to buy things which we haven\'t dreamed of, but we haven\'t figured out the way to create things which we dream of. I see a Mechanical Engineer write SQL code, I don \'t see him create innovation in his chosen field. I see a BSc Science Graduate in a Bank as a cashier. We haven\'t got our economy foster innovation to sculpt a good career path for all. We are known by our Indian Curry, Bangalore, Taj Mahal that\'s all.on Aug 11, 2013