Friday, March 24, 2006

INDIA - CHANGING PARADIGMS!

WHAT will be the number-one geopolitical story in 2007? Don't be surprised if by this time next year, India is the hot topic and Manmohan Singh, its prime minister, one of the world's most-watched leaders. The reason is, in part, the sheer numbers. India, with relatively young demographics, now has one billion people. By 2030, it is believed, India's population will outstrip China's. By 2050, the world's economy, it is predicted, will be led by the Asian-Pacific/Western quartet of China, India, Japan and the United States.

India should prove a deeply interesting story every step of the developmental way. It both flourishes from (and festers under) a democratic system of government that is long on federal, state and local checks-and-balances but is short on efficiency. In China � where once a decision is made, all discussion is over or else heads will roll � a bridge can be constructed faster than India can even make the decision whether or not to build one. India, with its tradition-bound, change-adverse bureaucracy, is not exactly built for speed.

But, paradoxically, its basic system may be well suited for the long haul. In the last decade or so governments have come and gone as political coalitions have risen and fallen; but the overall Indian vision of modernisation and globalisation has remained solidly intact, bureaucracy or not. But, as Singapore's founding prime minister, Lee Kuan Yew, put the matter in a speech last November in New Delhi, "India must make up for much lost time. There is in fact already a strong political consensus between India's two major political parties that India needs to liberalise its economy and engage with the dynamic economies of the world. The time has come for India's next tryst with destiny."

India's current PM is a fascinating fellow. He is no Koizumi of Japan, all flare and hair and bold gestures lurking. He is not like the visionary and legendary former leaders of India, Gandhi and Nehru. Instead, Singh, though a most quiet revolutionary, looms of potential historic importance: it was the economic reforms that Singh implemented as Finance Minister in the early 1990s that helped uncork India's pent-up entrepreneurial energies and is now firing up its growing economy.

Singh is a modest man, quiet-spoken, deeply thoughtful, very well respected internationally, widely regarded as being above flattery much less corruption. Cambridge-educated, he is India's first non-Hindu Prime Minister, an ethnic Sikh, but a self-defined technocrat more than anything. Internationally, the Singh coalition government has tried hard to become aggressively engaged. It has moved from Nehru's neutrality to a kind of globalised practicality. It has developed good relations with the Bush administration without buying into Washington's India-as-China's-balance nonsense. And Singh personally has worked hard to defuse tensions with Pakistan. The sight early 2005 of the Indian PM and Pakistan's President Musharraf watching a cricket game together was both unprecedented and unforgettable.

An Indian success song under the baton of Singh would impact favourably in many ways. It would demonstrate that even slow-moving, consensus-needy democratic systems can rival an authoritarian one like China's in economic change. It could contribute to stability in South Asia, where Pakistan as well as India possesses nuclear weapons. And Indian diplomacy could begin to play a more significant problem-solving role in the region.

More vigorous diplomacy by the world's largest democracy is called for. The effect would be to create new winds of positive change in the region and demonstrate that the rise of a peaceful India in Asia is not without significant benefits and powerful consequences....


2 comments:

Abhilash Ravishankar said...

Manmohan Singh has been a laidback PM since he came to power. I mean, Yeah, he is one of the most educated & respected guys around, but, stop resting on laurels, and get down to business! Just when the economy is on a upswing everwhere, just when everybody was talking about India, this guy just sits around, as our infrastructure crumbles, and the 'high' that Indians had a couple of years back is dead.

Divya Krishnan said...

Do you think that our infrasturcture is so laid-down? Don't u still feel that we need someone who has some laurels --- someone who has enough brains to think and execute things? I don't mean to say that he is a god-level person but yes the very man who kick-started India's economic advancement at the end of the twentieth century, will lead it at the beginning of the twenty-first. That's something to brood upon!

And ya i understand that India's infrastructure growth has been tumbing but the major reason for the dip last yr had beem the fire accident in Mumbai leading to fall in the prices of crude petroleum which affected all the other sectors....

But has that not been compensated with an extremely stable GDP growth n much better forecasted growth rate???