Indian Economy: News and Discussion (Jan 1 2010)

abhishek_sharma
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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby abhishek_sharma » 18 Mar 2011 09:57


Nihat
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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby Nihat » 18 Mar 2011 10:21

‘RBI move will hurt economic growth’

I for one , dont know what has gone into RBI's decision. At a time when even a blind man can see that Inflation is being driven by Food products (supply side) and fuel (demand + supply) side, how does RBI rate increase help in any way at all. All it does is curb Automobile demand, real estate demand and punches holes in already sagging manufacturing sector.

To me, our central bank seems to have got it horribly wrong.

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby somnath » 18 Mar 2011 12:21

Nihat-ji,

The RBI does what it can, ie, make monetary policy interventions...Oneof the prime task of the Central Bank is to tame inflation...With RBI, there is another job of managing the govt's borrowing programme..With non-food inflation inching up, and fuel prices going in up in-step with rising global crude prices, the RBI had to be intervening to not let inflation run away on both counts (food and non-food)...

Actually, most of the street expected the repo/reverse repo rate hike to be 50 bps in the last qtrly review - it was 25 bps then..The mid-qtrly review only meant that the dose was "gradual"!

But the market was already pricing this in - bond yields havent moved...

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby suryag » 18 Mar 2011 23:46

Number gurus on this thread hasan ali is your knight in shining armour
Hasan Ali case: Income Tax department forgot to charge Rs. 3000 crore, says CAG report

Taking the revised estimates into account, Mr Ali now owes Rs. 74,938 crore.


Chalo ek aur aadha % cut in your fiscal deficit thanks to HAK

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby somnath » 19 Mar 2011 10:40

Surjit Bhalla, somewhat expectedly, comes out gusn blazing against the rate hike..

http://www.indianexpress.com/news/ratin ... p/764518/0

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby RamaT » 20 Mar 2011 23:27

If one takes the long view then perhaps this is a valid reason to support the food security bill and some form of NREGS irrespective of humanitarian basis.

The researchers collected information on 90 countries, including far-off lands from the U.S. to New Zealand and Colombia to Kazakhstan. They also collected data on the country’s excellence in science and technology—the number of patents granted per person and how many Nobel Prizes the country’s people had won in science, for example.

They found that intelligence made a difference in gross domestic product. For each one-point increase in a country’s average IQ, the per capita GDP was $229 higher. It made an even bigger difference if the smartest 5 percent of the population got smarter; for every additional IQ point in that group, a country’s per capita GDP was $468 higher.


Dietary supplements and vaccination to prevent illnesses that reduce IQ would be big factors in improving the economics of developing countries.

Public health (disease reduction during childhood and teenage development and nutrition) ==> (70%) of average IQ ==> IQ determines per capita GDP


http://nextbigfuture.com/2011/03/iq-cor ... .html#more

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby somnath » 21 Mar 2011 06:15

^^^Add to that India's absolutely abysmal HD Indicators - and the necessity to do something about them becomes critical..

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby Suraj » 21 Mar 2011 09:13

I've always been curious as to how China managed to achieve substantially higher HDI metrics despite the massive internal tumult they faced between the 1950s-70s. On our part, our overall metric is hampered by a combination of two things:
* lower HDI figures in the BIMARU belt pushing down overall numbers even though most other states have substantially higher figures. The HDI figures back in the 1980s (in the link) look truly horrific...
* which in turn leads to the second issue - the low HDI is most likely centered upon the generations that were born and brought up prior to the 1990s.
Does the NSSO report due this year also include HDI figures ?

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby somnath » 21 Mar 2011 10:04

^^^High HDI is a very typical characteristic of most communist states...Therefore, one would find an economically crippled Cuba with first world standards of education and healthcare metrics...the Cultural Revolution related issues in China impacted mostly the "elite", urban and rural - it hit the structure of China's economy, it didnt really disturb the massive literacy and healthcare programes being run by the PArty...These are taken to be extension of the Party's propaganda..

HDI is calculated using numbers from various sources - NSSO will give the income/poverty numbers...Health, education and other stats come from other sources...Without giving an HDI score, the Economic Survey gives out latest data on select indicators...
http://indiabudget.nic.in/es2010-11/estat1.pdf

The gaps between the BIMARU and the "advanced" states is narrowing on the paramters reveiwed most regularly - infant mortality, Life expectancy and death rates...Once the census data fills out some of the other key data points, primarily literacy, and we have (hopefully) a better handle on poverty nubers via NSSO - the numbers will be more comprehensive..My take is that we will see a convergence of the numbers rather than great divergence..

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby somnath » 21 Mar 2011 10:19

Prof Yoginder Alagh is a rare species - economist with the finest pedigree, unimpeachable acadmemic credentials, but focussed on rural/agri issues - a rarity in the Indian economic elite (or the "bengali mafia" that dominates that elite! :) )...

I read him with great interest everytime..A good piece on Maharastra's tryst with its rural economy..

http://www.indianexpress.com/news/sunri ... t/765147/0

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby Suraj » 21 Mar 2011 21:25

Thanks somnath :)

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby Virupaksha » 21 Mar 2011 23:32


This is an interesting piece, very minimal data but full of praises.

It talks of kopergaon, the only place (of a minister) mentioned with respect to farming, is part of ahmednagar district which according to the below article is part of "farmers suicide zone" of maharashtra.
http://articles.timesofindia.indiatimes ... s-vidarbha

it gives profuse praises to a fishing cooperative about which he himself says that
......and still sponsored by the state.
and
as one goes from Gujarat to Kerala, the level of mechanisation goes down,


Even the bhiwandi model of electricity which he speaks about worked atleast until now because the politicians seemed to stayed away from it, and it was a decent lucrative model of privitization as well, for the private company. Really doubt whether it will work in states like AP, where they announce free farmer power.
http://toolkit.pppinindia.com/highways/ ... inks=rocs1

Basically is this a feel good piece or a political hack? What exactly did the author want to convey.

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby putnanja » 22 Mar 2011 00:08

Finally, India card Rupay to replace Visa, MasterCard

After almost two years of planning, the National Payments Corporation has at last finalised the proposed unique India Card which once commercially launched would be an domestic alternative to the global real-time payment processing firms like Visa and MasterCard.

"We have finalised name of the proposed card as Rupay at our board meeting here today. We have also finalised the logo for the same," a senior official of the RBI-set up National Payments Corporation of India (NPCI), told PTI this evening. The official sought not to be named.

The official further said the leading financial consultancy firm Ernst & Young(E&Y) will develop and roll out the entire architecture, including the design and software for the Rupay card rollout.
...
...
In 2009, the RBI had asked the Indian Banks Association to launch a not-for-profit company and design a rival card, then tentatively called India Card, that meets the requirements of the domestic banks.
...
...
Domestic banks paid around Rs 500 crore last year as fees to these global card firms for processing debit and credit card payments, 90 percent of which were domestic deals.
The Rupay initiative entails the setting up of a network switch, which acts as a payment gateway that connects all the ATMs and points-of-sale terminals. The domestic system is meant to gradually replace payment settlement providers like MasterCard and Visa, which now control all payments and settlements that happen through cards.

NPCI is registered as a company with nine public sector, private sector and foreign banks owning stakes. RBI will oversee its operations in the initial years. Thereafter it will function as an independent company regulated by RBI, according to the RBI policy paper on Payment systems vision 2009-12.
...

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby csubash » 22 Mar 2011 04:34

Thanks Somnath for that budget estimates table. Was having a cursory look at the number of educational institutions. While Kerala has 1/10th of AP's or UP's primary schools, even accounting for the population difference the literacy rate is totally opposite. Are these mostly ghost schools?

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby SwamyG » 22 Mar 2011 04:53

How to keep poverty low. Devinder Sharma again in HP.

ps: No, I am not giving convenient quotes.

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby disha » 22 Mar 2011 05:23

SwamyG wrote:How to keep poverty low. Devinder Sharma again in HP.

ps: No, I am not giving convenient quotes.


Article is a whole load of Nandi Dropping. One quick comment, if you believe the article, then believe that >3 in 4 persons are below poverty line!

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby somnath » 22 Mar 2011 06:49

disha wrote:Article is a whole load of Nandi Dropping. One quick comment, if you believe the article, then believe that >3 in 4 persons are below poverty line!

Disha-ji, I wouldnt dismiss the article off-hand..There is no doubt that the numbers of poor in India is a very large number - whether it is 37% (Suresh Tendulkar) or 77% (Arjun Sengupta) is really a very different question...It is reflected in our abysmal HDI numbers, it is also reflectd in almost any estimate of per-capita asset ownership..Heck, at a PCI o about 1400 dollars, even on a PPP basis we are well below what can be termed as "middle income" level...Devinder Sharma has good ideas on food policy, even thoough this specific article seems like a gap-filler rather than an insightful effort..

On the issue of poverty estimates - I think I have posted this before, but here is the latest gospel -the Suresh Tendulkar study..
http://planningcommission.gov.in/report ... ep_pov.pdf

And here is, the rebuttal of the study..
http://www.business-standard.com/india/ ... ty/382122/

the issue with most estimates - Arjun S or Suresh T or any other is this - the NSSO sample survey data (last large-sample study in 2004-05) has been increasingly capturing less and less of macro national consumption...Surjit Bhalla says that 2005 recorded less than 50%! As he mentions in the article, he wrote a great book where one section details the fallacies with NSSO data - Imagine there is no Country (a must read for those looking for insights into impact of liberalised trade, its slightly technical, but not overly so, and has the trademark Surjit Bhalla sarcasm/humour that is so readable!)...

hopefully NSSO 2011 will make adjustments for the inefficincies and we'll have a better handle of poverty numbers!

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby somnath » 22 Mar 2011 06:53

csubash wrote:Thanks Somnath for that budget estimates table. Was having a cursory look at the number of educational institutions. While Kerala has 1/10th of AP's or UP's primary schools, even accounting for the population difference the literacy rate is totally opposite. Are these mostly ghost schools?

UP is also a larger state in geogrpahic terms...But yes, given the differential outcomes, it is obvious that there are gaps in execution between UP and Kerala - though the gaps are progressively narrowing!

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby Suraj » 22 Mar 2011 08:44

According to the UNDP India site income level and in particular education, are what make our HDI figure as low as it is now - on the health metric we appear to be well above the overall HDI figure.

I'm curious as to how they estimate education and literacy data for the UNDP HDI reports. I'm assuming they're using the decennial census data for literacy; we don't report data at a finer granularity.

We've reported a trend of literacy levels increasing by 10-15% each decade; in the 1991 census it was 51%, and in 2001, it was 65%. Considering the transformational nature of the last decade I would think literacy levels ought to be in the high 70%s, if not upto 80%+, when the 2011 census data is reported. This in turn ought to boost the HDI figure as well.

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby somnath » 22 Mar 2011 09:28

^^^the data is taken from various sources..For data hat is "dated", typically they would have econometric models that extrapolates an estimate..For literacy, they have a UNESCO projection to arrive at a more relevant estimate..It is not quite right though to take the census data as the only "current" source for literacy - the NSSO (narrow sample) exercise too estimates literacy levels..The latest report below:

http://mospi.gov.in/press_note_NSS_%20R ... 9may10.pdf

You will see that the UNESCO model estimates on literacy (>15 years population) is very similar to the findings of NSSO..So the numbers are broadly in line with official estimates in India...

Ditto for poverty - where UNDP takes 1.25 dollars/day as the benchmark, PLUS they have the new MPI (multi-dimensional poverty index)...The numbers again dont look out of wack to official estimates...

Of course, nothing beats a comprehensive primary data collection exercise - census does it for literacy and NSSO (large sample) for income/poverty...

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby SwamyG » 22 Mar 2011 09:44

disha wrote:
SwamyG wrote:How to keep poverty low. Devinder Sharma again in HP.

ps: No, I am not giving convenient quotes.


Article is a whole load of Nandi Dropping. One quick comment, if you believe the article, then believe that >3 in 4 persons are below poverty line!

It would be informative, useful and educational if you elaborate why one should believe or not believe the essay.

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby kmkraoind » 22 Mar 2011 12:34

Finally, India card Rupay to replace Visa, MasterCard

MUMBAI: After almost two years of planning, the National Payments Corporation has at last finalised the proposed unique India Card which once commercially launched would be an domestic alternative to the global real-time payment processing firms like Visa and MasterCard.

"We have finalised name of the proposed card as Rupay at our board meeting here today. We have also finalised the logo for the same," a senior official of the RBI-set up National Payments Corporation of India (NPCI), told PTI this evening. The official sought not to be named.

The official further said the leading financial consultancy firm Ernst & Young(E&Y) will develop and roll out the entire architecture, including the design and software for the Rupay card rollout.

A senior E&Y official confirmed the development to this agency. He further said, the NPCI will initially launch a domestic ATM/debit cards to begin with and then would hit the credit card market later on.

In 2009, the RBI had asked the Indian Banks Association to launch a not-for-profit company and design a rival card, then tentatively called India Card, that meets the requirements of the domestic banks.

And finally, RBI plan is materialising and Rupay will be like the Union Pay of China, which is the domestic real-time payment processing firm for Chinese banks, and was planned to be launched last year.

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby Hari Seldon » 22 Mar 2011 16:04

From twitter:
Download text of the GST Bill here http://bit.ly/eHto0s

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby Theo_Fidel » 23 Mar 2011 01:40

All these poverty reports are garbage. Nothing will ever come of them. My Dad has seen these 'Studies' and 'Reports' all the way from the 1950's. How does studying the poor make them prosperous. These professional poverty wallahs are not to be listened to.

The HP has been on a 'drag down India' spree for quite some time now. It is sad that they use NRI's to achieve this.

When your economy grows from $50 Billion to $250 Billion from 1950 to 1990 while your population grows from 250 million to 800 million you guarantee poverty. No amount of reports or 'poverty estimates' will change that. Not one of these professional poverty wallahs, who get fat salaries in the west ever address this fact. Only one things matters. Education, all else is mmaya. When these are available the HDI automatically increases. Education breaks down social customs and practices that are very medieval and yet continue in India. Lack of knowledge means people are unable to deal even with simple fevers and nutrient deficiencies in a rational manner. Amongst certain communities around here, the practice is for menstruating women not to wash themselves as them might 'pollute' the water course. This causes recurring Urinary infections and severe damage to the kidneys. They are also not allowed to eat normal food and must essentially starve. One can imagine the long term damage this has on women especially with respect to child bearing and breast feeding.

These things show up in no poverty wallah report and yet are devastating to the long term health and HDI of the generations. I've said this before, but there is no reason for the average male Indian to be 5'-3" and the average female to be 5'-0". Our genes are essentially the same as the Europeans, yes even the SDRE, as the genetic studies have borne out. We should all average 6'0", yet even we the prosperous city educated do not. The HDI amongst many prosperous communities is equally shabby. The Thevar community around here, they of the female infanticide, with vast tracts of land and much money springs to mind. Or the prosperous Jats in Harayana with one of worst Male to Female ratio's in the world. It does not help that many communities refuse to marry out and diversify the gene pool. Continuous in-breeding often means that many marriages are disastrously close.

I've always thought that one on the best things we can do to improve our health is for 100% to marry out of their community by every 3rd generation. So at least 1/3 of every generation should marry out.

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby sanjaykumar » 23 Mar 2011 02:55

There is absolutely no good reason for anyone to be 6 foot tall and several bad ones. Most Hindu populations are strictly exogamous.

The HDI is abysmal because of the caste system unless someone can illustrate otherwise. The status of women in Indian society is a little below chattel (certainly cattle, a word cognate with chattel). So unless Indians are ready to acknowledge these facts, a $2 trillion or $5 trillion economy will continue to mean islands of the most privileged and yes perhaps able people on the planet interspersed in a sea of masses more at home in Victorian Inglaand.

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby vina » 23 Mar 2011 04:18

I've said this before, but there is no reason for the average male Indian to be 5'-3" and the average female to be 5'-0"


Averages are well averages and they really dont have predictive power about what is happening on the ground. From what i see around me in my apartment (it is filled with kids of all ages) and generally around Bangalore and other urban areas, the average height is up.

All the boys in the 11th/12th grade age group are at least my height or taller and worst case around my height and I am around 5'11" . When I was growing up, I was in the taller side of the class!

I wouldn't worry about it. In another 20 years as the worst hit generations (1930 1960s) gradually pass away, the averages will improve and in another 20 years or so, things will be all TFTA and high HDI in the overwhelming bulk of India.

But something has to be done in the Gangetic plain in the vast belt stretching from Lucknow to Bengal. Transform that area and India as a whole will be shining. Right now, from what those places should be (an economic dynamo and human resource dynamo), those places are serious "BIMAR".

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby SwamyG » 23 Mar 2011 04:22

Theo_Fidel wrote:All these poverty reports are garbage. Nothing will ever come of them. My Dad has seen these 'Studies' and 'Reports' all the way from the 1950's. How does studying the poor make them prosperous. These professional poverty wallahs are not to be listened to.

1. Why are the reports garbage?
2. Why do you think studying the problem is not useful to solve the problem?

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby somnath » 23 Mar 2011 05:44

The GST Bill has been finally (at long last!) presented in Parliament...Hopefully this is the begining of a new begining :)
http://www.indianexpress.com/news/centr ... a/766099/0

And here is the text of the bill..

http://prsindia.org/uploads/media/Const ... 202011.pdf

Added Later: I see HAri Seldon - ji has already linked this up!

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby somnath » 23 Mar 2011 06:07

JNNURM is coming to a close in 2012...Some good work has been done, espeically in the domain of urban transport - the buses I see in the cities (at least Cal, Delhi and Mumbai) arefar better today compared to 5 years back...

National Institute of Urban Affairs set up a group to study the effect of JNNURM and suggest follow-up...Here is the report..

http://www.niua.org/projects/hpec/FinalReport-hpec.pdf

No wonder, it recommends a "new improved JNNURM"!

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby Theo_Fidel » 23 Mar 2011 08:51

sanjaykumar wrote: The status of women in Indian society is a little below chattel (certainly cattle, a word cognate with chattel).


This is the key point about China's HDI improvement. The CPC overlords destroyed the pre-existing feudal discrimination towards women and created a more equal society, even if for their own purposes.

Even in India Commie Kerala with better treatment of women has high HDI while commie WB continues to languish in HDI. No one mentions WB. And while we are at it note the Gujarat is below WB. I've said this before, the states that have not gone through a social transformation will find it a huge handicap long term.

Every community that has freed its women folk has done much better in India. Money makes no difference here.

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby somnath » 23 Mar 2011 16:58

^^^While emancipation of women's status is surely a laudable objective, it need not be a huge roadblock on improving HDI scores..Most of Asia is highly patriarchal....Japan, South Korea are heavily male-dominated societies where status of women even among the "elites" is quite surprising....I very dear colleague of mine, a Korean lady once narrated how she still has to bow in reverence to her husband on special occasions, be the obedient dutiful wife in all matters of public and private life - and she is a senior banker generally doing far better in life than her husband!

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby Theo_Fidel » 23 Mar 2011 19:15

Somnath,

You are comparing apples with horse dung. :D Both are round.

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby Bade » 23 Mar 2011 19:47

Can someone elaborate more on Theo's WB comment. I have noticed that too and wondered for 20 yrs with no insights. WB had almost uninterrupted Commie rule and outside of Kolkata things look very BIMARU unlike Kerala. I am referencing things I saw from the 80's and early 90's. OTOH, from what I recall Kerala has remained largely same from the 70's itself with even lesser commerce and industry activity compared to WB. Only the cities in Kerala look worse off now infra wise compared to two decades back. Suburban areas looks as prosperous as before. Keep in mind large scale Gulf money started flowing into Kerala only in the late 70's and commie rule in the 50's with significant interruptions unlike in WB.

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby Suraj » 23 Mar 2011 20:22

Kerala's HDI factors are not just attributable to the Commies. At one time Kerala used to be among the most socially regressive places in the country, before Hindu social reformers Narayana Guru and others brought about significant changes in both ushering in social equality and educational development. In addition, the Christian educational institutions also played an important role. WB had Raja Ram Mohun Roy, but was his work carried on for the next 150 years until Independence and beyond ?

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby negi » 23 Mar 2011 20:33

Kerala is a lot smaller than WB and latter has a high population density finally more importantly WB is surrounded by Bimaru states. Influx of people from BD aside people from NE, Orissa and even UP and Bihar come to WB in search of work.

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby vera_k » 23 Mar 2011 21:24

Theo_Fidel wrote:Even in India Commie Kerala with better treatment of women has high HDI while commie WB continues to languish in HDI. No one mentions WB. And while we are at it note the Gujarat is below WB. I've said this before, the states that have not gone through a social transformation will find it a huge handicap long term.


Note that WB made very good progress on IMR over the last decade compared to Gujarat. So increased spending and attention from the government helps a lot, and in many places it probably is the low hanging fruit compared to trying to improve the status of women.

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby svinayak » 23 Mar 2011 22:06

Theo_Fidel wrote:Even in India Commie Kerala with better treatment of women has high HDI while commie WB continues to languish in HDI. No one mentions WB. And while we are at it note the Gujarat is below WB. I've said this before, the states that have not gone through a social transformation will find it a huge handicap long term.


India does not need the socialist/commie kind of social transformation. We need the humanistic and Bharatiya transformation which will being the egalitarian and high HDI values

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby somnath » 24 Mar 2011 07:00

Suraj wrote:Kerala's HDI factors are not just attributable to the Commies. At one time Kerala used to be among the most socially regressive places in the country, before Hindu social reformers Narayana Guru and others brought about significant changes in both ushering in social equality and educational development. In addition, the Christian educational institutions also played an important role. WB had Raja Ram Mohun Roy, but was his work carried on for the next 150 years until Independence and beyond ?

About Bengal, if you really go back to Raja Ram mohun Roy, then Bengal had a whole legion of social reformers during and after that time...The period is aptly described by some as "bengal rennaisance" then - Vidyasagar, Vivekanand, Tagore, PC Roy, JC Bose, Sharatchandra Chattopadhyay - the glittering array of social reformers, scientists, authors - they brought about a change that was nothing short of a revolution (restricted largely though, to the hindu community)...It was the legacy of this movement that gave Bengal the headstart in independent India, which was minatained till about the early '60s, when the rot set in...

Having said that, it will be churlish to deny the Left a substantial amount of credit for the Kerala Model...It was the first communist govt that started the high levels of public expenditure on health and education, which was higher than most states...Of course, the tradition and infrastruture of the old Malabar prinipalities and christian missionaires helped...

Here is an interesting study of the KErala Model from the "other side" of the ideological spctrum..
http://www.aei.org/docLib/Putting-Keral ... ber-10.pdf

Of course, there are other better known works, most famously by Amartya Sen...

Why wasnt it replicated in Bengal? Well, communism with malayalee characteristics worked better than comunism with bengali characteristics :wink: Of course, communism with Chinese characteristics work best :rotfl:

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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby uddu » 24 Mar 2011 07:19

Don't forget to add Tripura, which is ruled for a long long time by the communists. But rule in Tripura seems better compared to the one in WB. The success of Mamata and Maoists will destroy WB completely. From a slow poisoned death to a sudden death. Can the people do anything to save their state? Let's wait and watch.

Theo_Fidel
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Re: Indian Economy: News and Discussion (Jan 1 2010)

Postby Theo_Fidel » 24 Mar 2011 08:06

While we are at this game, anyone know what Maharashtra GDP is for 2011-12. I want to know if it has finally overtaken the TSP GDP.

I've been holding my tongue for 14 years while my local TSP wallah has waxed poetic about 'South Asia'. I need this info to decapitate him at a strategic moment, a very public opportunity has arrived.


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