Tuesday, February 26, 2013

India’s Challenge: Panorama of Political & Economic Issues

Rise to the situation: Bring Revolution   

The major challenge in India isn’t about how much we know, but, how much we can figure out with what we already know. Lack of information and lack of proper addressing is a problem which is widening the gap in making India - A Super Power.

India like any other developing country is crippling with questions related to feeding of rising population, providing them with adequate infrastructure, healthcare facilities, education, employment and money while keeping the inflation in control. Today, India faces a synergy of challenges. However, in a nutshell, India is witnessing the following main challenges.

1.       Food Security for rising population which is expected to reach 1.5 billion by 2025.
2.       Unemployment leading to migration and states unrest.
3.       Corruption in PSU’s involving political and private sector player spoofing trillion of pounds.

Why these challenges exist?
~ A provoking truth

Major part of the unorganized sector of India has remained unaccounted and unchallenged. Unaccounted money inflates the demand and burdens the government’s expenditure account leading to forced increase in prices. This leads to multi-fold increase in project costs, thereby forcing governments to increase the price of basic commodities to balance the exchequer. This phenomenon explains why 8 states out of the 29 states in India have more poor people than 26 poorest African countries combined. Disparity of income is leading the way and inflation takes away the major chunk of the average consumers’ wallet.

Indian political system has adopted various methods e.g VAT, UIDAI, RTI to bring in transparency in evaluation. But, the political mistrust and existing disharmony among various states of the country has always been a great challenge in bringing consensus and effective reporting.

Decisions like lowering of train fairs in the country, Mr. Montek Singh Ahluwalia’s declaration that 32 Rs./ half a pound/ per day is what an Indian need to remain above the poverty line, Approval of Lokpal Bill in the country, Afzal Guru’s hanging affect in J&K law situation, BRT Corridor failure, CNG adoption in the state, justice to a Delhi’s bus gang rape victim, coal corruption (CAG Reporting), shifting of Tata’s plant from Orissa to Gujarat due to local distrust etc. have always kept the country busy from implementing the real and effective mechanisms. Transparency through technological advancements are much required at state and centre level to bring accountability. This is only possible if state governments at all the levels accept this with fair deal and implement the standard procedures.

Wastage of food due to lack of proper channels of transportation, storage, time consuming inter-state clearances is impeding the food security situation of the country. Disparity in infrastructure situation leads to disparity in employment situation in the country. Recent cases of political corruption in association with private sector have further worsened the situation. Only way forward to this is India needs to awaken to the situation and implement effective local and state level advisory boards and do some real work in bringing transparency in political and economical decision making system.

India’s current challenge is the outcome of small loopholes which are still existent and spreading the tentacles within the system. Standardization of all the systems and effective redressed to major challenges is the need of the hour. 

As it’s said, a rupee saved is a rupee earned. Food is security needs procedures which lead to minimal wastage. Unemployment can be curtailed if efficient and world class infrastructure is envisioned at all the state levels. Corruption can be killed if transparency and reporting is effective.

Written by : Tarshant Jain

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