The Indian Oligarch's

I have been spending the last couple of days recuperating from a emergency operation for the a severe nerve root compression. In fact its been a period which has given me time to catch-up with some serious reading. That means on a average 2 books a week and that will need to go on for another couple of weeks basis the Doctor's Order.

A topic I have been reading and researching a lot over the last couple of years has been the nexus between politicians, business, bureaucrats and the common man. It sort of explains a lot of things happening in todays India and put the dynamics behind the things into perspective. Two very interesting books that I read were the Ambani Saga "Storm in the Sea Wind" and a political commentary on the Russia of Today very aptly titled "Inside Putin's Russia".

Both these books are a must read for any student of Politics and Business in todays world. While the former book will provide you insights into the Art of Policy Formation in India and the latter gives us a hint of things to come. It raises some real questions for the Indian masses, questions like :
  • Are we moving the Korean Chebhol way? In the next 5 years will India be controlled by a handful of families?
  • Is the consolidation of power in the hands of such a few people the development model best suited for India?
  • Will this model fulfill the dreams and aspirations of thousands of Indian Entrepreneur's who are yet to blossom?
  • Will this model promote or stifle competition and innovation?
  • Will it bring out the worst of the rent seeking behaviour of the Indian Politicians and Bureaucrats?
  • Will the poor become poorer and if yes how much poorer?
  • What will be the fate of the Indian farmer in such a regime?
  • How will the Poor and the lower middle class react to this change in reality?
In the years to come if India as a country was not to follow a more inclusive growth and a "Rule of Law" we would look similar to the Russia of 2002. A country which would to struggling to keep in control Urban and Rural Poverty, a country where every thing could be bought or sold for the Right Consideration. Where the interest of a Few will over shadow the larger interest of the nation. Its not that this situation does not exist even today, it very much does the only difference will be how pronounced this trend will be.

India has a long way to go in terms of its development. Its got a even longer journey to make in terms of meeting the aspirations of its youth. Will the Political class of tomorrow deliver on their needs or will we see a repeat performance of the lost Indian generation. (I commonly refer to the generation born between 1940 and 1955 as the lost generation of India - for obvious reasons).

I am still optimistic and dream of a vibrant India with a "Rule of Law". Its up to us to deliver onto ourselves the tomorrow we wish and aspire for.

That all for now... More notes for the young India sometime later..

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