Friday, September 21, 2012

Are we hurrying things up or are we massively delayed?

Mamta's yesterday statement - "I have just come to know through media that Central Government has notified FDI in retail today. Is it ethical, moral and democratic for a minority government to issue Government order forcefully and hurriedly, when massive protest against it is taking place across the country?"

Mamta says government is going about notifying FDI in retail in a hurry. Oh really! I thought we are already delayed by many decades. What other Asian countries achieved many decades earlier, we are still struggling to get to, and she says we are hurrying it.

We can't wait another 10 years for next set of economic reforms, we are already late. We will waste an entire generation, if we continue to deliberate and dither. Think of a young woman of 20 yrs, graduating from college this year, if new opportunities are delayed by 10 years or even 5 years, those opportunities are lost for her. 

I remember in early '90s, when we were still studying, computer adoption had just began. Anti computerization protests were regular, organized by public sector bank employees, unions, other government establishments, actively supported by the then political outfits in opposition.Imagine if we had succumbed to the pressure and software /IT had not taken its roots in India, where each one of us would have landed. That opportunity, even if it had come 5 years later, would have been a lost opportunity for my generation, because we would have gotten into different jobs, whatever other jobs were available at that time.

Life is constantly moving, we have to move faster than that to make some visible improvements to the present lives of the people vs being ok bringing the progress over many lifetimes. I don't think notifications are hurried, on the contrary, I think they are already way too late.

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