Thursday, July 5, 2007

Arvind Singhal: Cost of political myopia

A series of unconnected events has made me ponder on estimating the price India has been paying over many decades and continues to pay while our political leadership cutting across party lines remains afflicted with an acute, degenerative myopia.
The economic benefits of a modern, efficient retail system have been internationally well-documented and well-reported in India. Yes, the government continues to dither and takes one slow step forward only to retrace and go back two. …………………
Commercial rents in India are almost literally going through the roof. ………………..
Over 120,000 Indian students currently study outside India, costing their families over Rs 16,000 crore per year. This number is increasing year on year by over 15 per cent and hence it would not be long before more money is spent by Indian households in educating their children abroad than the entire budget of the government of India for higher education. [View Full Article]

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