INDIA DIDN’T COVER THE PASE IN TIME

Today we are growing fast, not questionable. FDI  coming to India,  infrastructure growing fast, industrial development moves rapidely . But all these things are growing today that is a quastion mark on our previous govrnments. This may because of previous governments  couldn’t estimate the self reliance.

It is estimated that 21 century will be Asian century, But it not. Can we say ? this is because of India only. In asia China ,India and russia  only three  counties , which  will be dominating countries if asia rise.As we see that Russia was already a super power and self reliance in Industries , last but not least that is in defence system. Remaining India and  China started almost same on  the path of  development. While India announced its first Five Year Plan for 1951-56 and China announced its First Five Year Plan in 1953. Till the 1980s, India and China  had similar growth rates and per capita incomes. Question is , then why are we lagging behind? As we started earlier also. Let’s look China’s policy.

After the establishment of People’s Republic of China under one party rule, all the critical sectors of the economy, enterprises and lands owned and operated by individuals were brought under government control. The Great Leap Forward (GLF) campaign initiated in 1958 aimed at industrialising the country on a massive scale. People were encouraged to set up industries in their backyards.

GLF campaign met with many problems. A severe drought caused havoc in China killing about 30 million people. When Russia had conflicts with China, it withdrew its professionals who had earlier been sent to China to help in the industrialisation process.

In 1965, Mao introduced the Great Proletarian Cultural Revolution (1966-76) under which students and professionals were sent to work and learn from the countryside. The present-day fast industrial growth in China can be traced back to the reforms introduced in 1978. China introduced reforms in phases. In the initial phase, reforms were initiated in agriculture, foreign trade and investment sectors.

First phase was agriculture and late was reforms were initiated in the industrial sector. Private sector firms, in general, and township and village enterprises, i.e. those enterprises which were owned and operated by local collectives, in particular, were allowed to produce goods. At this stage, enterprises owned by government (known as State Owned Enterprises—SOEs), which we, in India, call public sector enterprises, were made to face competition. The reform process also involved dual pricing. This means fixing the prices in two ways; farmers and industrial units were required to buy and sell fixed quantities of inputs and outputs on the basis of prices fixed by the government and the rest were purchased and sold at market prices. Over the years, as production increased, the proportion of goods or inputs transacted in the market was also increased. In order to attract foreign investors, special economic zones were set up.

Here India’s government did it in a reverse order. Indian govt started to support closed economy whiuch prevent the FDI and rapid industrialisation. Govt of India only thought that foreign investers will destroy  the indian comodities market in own country. But didn’d thought that if foreign Industry will establish in India there will be job creation. Afterwards Indian raw material and items can reach upto foreign market which will enhance the Indian export an another positive thing for Indian economy. We did all thing keeping in mind our small lose but couldn’t forsee the huge positive side and lastely hit by crises of 1990. We have only 07 days forex reserve for puchaing crude oil and all thing. And finally we have to open our economy for globalisation.

Second thing is that China did in 1965 that students and professionals were sent to work and learn from the countryside. And India doing this work today when NDA govt sending 800 IAS officers to villages of different parts of India. Still lagging is the future of India only moving towards cities for books knowledge.   

  If they don’t know the real problems of rural India , India will not develop because of  real India stilll in villages. One who gaining knowledge and becoming the engineer , doctor , Officer and industrialist don’t know about the heart beat of India , India can’t be in that rank  which we dreaming.