Since 1991, prompted by the World Bank and IMF, we have been following the policy of liberalization. There has been a general trend in the direction of Lean Government. For the manufacture of a variety of products and provision of a variety of services, people are no longer required to run to the Government for Licenses; in short the License-Quota-Permit Raj is dead in many cases. To get a telephone connection we had to wait for several months, and some times even years, but now we can have a mobile connection over the counter. A concomitant of Liberalization has been Globalization and there has been a free movement of goods and services from country to country. Anything that is available abroad is available in India. The country has moved from a Hindu Rate of Growth of 3.5% to over 8%. Our foreign exchange balances have soared and India is clearly on the Growth Path. Government is no longer a doer but only an enabler. It has undertaken the construction of roads (the Golden Quadrilateral for instance) and launched many programmes like the JNNURM.
But certain doubts remain. Discussion here should deal only with the following Questions. Please refer to the question by number and in a short paragraph not exceeding 100 words deal with only that question. Express your opinions freely. You can deal with other’s posts as often as you please. This is an exercise to promote inter-action among the students. The discussion will take place only among the 2012 and 2013 Batch students.
Question 1. Growth has undoubtedly taken place but not always equally nor equitably. Questions like Growth for What and Growth for whom remain. Agriculture remains neglected.
Question 2. The number of scams have increased and while one read formerly of Ministers making crores of rupees illegally , we now hear of lakhs of crores. Officials are in league with them. What shoud be done to deal with this problem?
Question 3. Monstrous cities have come into existence and there has been an encroachment on agricultural lands and on forests and there has been environmental degradation.
Question 4. The number of billionaires has increased but poverty levels have also increased. There has ndver been so many farmer suicides as now.
For the present we shall confine ourselves to these questions but shall continue the Blog in Liberalization Pros and Cons – II.