Viewpoint: Time to Reflect

19 AUG,2019 | MEDC


 

As India celebrates 72 years of independence this week, we should not remain stuck in past glory. A lot has been achieved in terms of socioeconomic progress, but much more still remains undone. Growth is often stalled for lack of investment and due to an inadequate mechanism for channelizing savings into investment. Subsidized power, water and fertilizers have had a dubious impact on Indian agriculture. More power needs to be devolved to states and further to cities. There is a pressing need for structural reforms in the economy. However, the monsoon has been kind to us this year and we need to capitalize on it. Many infrastructure projects in the country are also working well, and producing the desired results. GST is another feather in our cap, even though it may need to be suitably tweaked and implemented. It is easy to blame politics for what has gone wrong with India, but the fact is that politics reflects society. We need to change our attitudes and to ensure that nation-building activities always top our agenda.

*Photo Credit: Google

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