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The
scenario of Indian economy has changed in the
last 15 years. With the mushrooming of
globalization lots of changes have taken place
in India. The expansion of urbanization and
industrialization has changed the thinking of
Indians. Agriculture is still an important
sector but load on agriculture has decreased in
recent times.
With the boom of IT, retail and real estate
sectors youths are not only getting jobs rather
they are getting handsome salaries and other
perks, which they cannot think in government
jobs. Overseas companies along with domestic
companies are looking to invest in India. There
is a great scope for the companies in India, so
they are eager to pump in money in India to get
maximum benefits.
Privatization has created tons of job
opportunities in al most all the segments. The
performance of Indians in the IT sector is
tremendous all over the world. People have
immense opportunity in other booming sectors
like real estate and retail.
It is really unfortunate that Biharis are
deprived of working in their home state because
of lack of investment by the private companies
in the state. Chief Minister Nitish Kumar should
provide infrastructure and attract overseas and
Indian companies to set up industry in Bihar so
that the economic condition of the state could
be improved.
Privatization is a boon for the Indian society
but political meddling sometimes slows down the
progress in some areas. Latest example is in
Andhra Pradesh. The chief minister of the state
Dr. Reddy has convinced the Prime Minister Dr.
Manmohan Singh to mediate in the RIL’s Krishna
Godavri basin gas pricing. Reliance Industries
had discovered the gas basin, now the Andhra
Pradesh government persistently saying that RIL
should reduce the gas prices, because it is more
than the approved government prices. Such
intervention held up the progress
At present every government has been trying to
provide best possible infrastructure so that
overseas and domestic companies could invest
money. But the negative attitude of Andhra
government has certainly discouraging the
private companies to invest in Andhra Pradesh.
Dr. Reddy remarked that the Reliance’s excessive
gas pricing will affect the people of the state.
It seems he has forgotten that wherever natural
resources are being found, they become the
property of central government and will be used
for the welfare of entire nation. It does not
mean that state governments would start taking
monopoly if natural resources are found in such
states.
The Andhra Pradesh CM has been dividing the
country on the regionalism line. Such outlook by
a seasoned leader like Dr. Reddy enhances the
regionalism and jeopardizes the country’s unity.
Many politicians have criticized Dr. Reddy over
his remarks and letter to the Prime Minister.
UPA government has shown green signal to RIL for
gas sale from its D-6 block in the K-G basin
incorporating certain changes that would bring
down the base price of the gas to $4-4.10 per
million.
Politicians should think that privatization
would generate job opportunities and enhance the
economic conditions of the people, when money
start flowing then naturally basic needs of the
people will be fulfilled, which is necessary for
the survival of common people.
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Comments: |
Congrats to you for highlighting the
private sector growth and related
positive trends emerging in society.
I would like to add some new
dimensions of the present state of
growth of private sector especially
IT. Most of these are a bit critical
and negative but very much present:
1. The unequal and pocketed growth
of IT in some cities of India have
created small islands of modernity
and super-urban culture. These
islands are financially well ahead
of the normal Indian levels. These
islands have ultra-modern
facilities, culture and values in
contrast to the traditional Indian
values. There are conflicts visible
in these cities.
2. The IT sector has brought much of
foreign currency, job opportunities,
infrastructure, but the side-effects
have also arrived. The most cruel
side-effect is high living cost. The
average salary of an IT professional
is somewhere between 3.5 - 4.0 lakhs,
which is well above the normal
salary range for govt. and other
sector employees. As per the current
living cost, it has became
unbearable for people from other
sector to survive in these pockets
and they have been forced to keep
out at the outskirts of these
islands.
3. The speedy growth of IT sector
has brought scarcity of good
professionals in other sectors. The
cream of all the IITs and RITs from
all the disciplines is hired by the
IT companies at very high salaries.
Since the government and other
sectors can not afford to provide
those scales of salaries, these
sectors have to use the medium- and
low-intelligentsia.
4. The rate of migration of
top-quality professionals to USA, UK
and other developed countries is
highest in IT sector. It is causing
brain-drain for India.
5. The difference in lifestyles of
the IT sector employees and other
sectors have brought conflicts on
the social level. Recent chaos
created in Bangalore after death of
RajKumar against the IT companies is
one such great example. The middle
class youths who have the
traditional education, find
themselves nowhere financially as
compared to IT guys. Their
frustration comes out in these
protests and chaos.
6. The IT sector professionals and
their families rely on most modern
communication channels like mobile,
satellite, e-mail, internet, SMS for
current affairs and news. The modern
media is somewhat getting tailored
to the tune of these guys. The
results are shocking, we as IT guys,
get the USA news faster than the our
own native Patna happenings.
7. The political inferences of this
growth are again very complex and
negative. The financially sidelined
class of the society tries to show
its present on national map. The
easiest way to do it is through
using our political system. The
results have been visible in current
parliament structure and politics.
Chandra Babu Naidu, the foremost IT
promoter in India lost the general
elections.
8. The GDP growth rate is calculated
by total amount available in India
divided by the population (not
exactly, but very near). Now, the
GDP may seem to grow high, the
uneven distribution of money has
created confusion between projected
and actual growth overall.
9. The credit cards, money borrowing
concept, fast food culture, late
night outings, live-in
relationships, free sex, drugs,
social alienation, pre-marital sex
and several other trends have crept
in our society due to the import of
foreign culture together with IT
growth.
The above points may be taken as
guidelines by the policymakers while
planning for whole India. Will they
take it????? - Ravish Kumar, Sr.
Software Engineer, Hyderabad - July
11, 2007 |
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