Dilemmas on growing India's development....

The title of this article might appear hysterical and itself much debated .But
there is a strong reason that leads to this debate so often. India's new
economic policy had laid the stepping stone for face of modern India marching
towards high standards of civilization but amidst all, cannot be forgotten our
aim of following socialistic pattern of governance .UPA government introduced
the new word “inclusive growth” which has high TRP within the political
audience. But let us not forget that if the words were food no one would have
gone hungry.

Recently, our finance minister announced that India aims at 8.5%GDP growth
this year, the same was backed by RBI. In fact, IMF went ahead pegging the
growth at 9.5% growth this year. There is no doubt that this government has
propelled India towards a high growth trajectory. In fact if we analyse the
growth scene, the revelations are quite satisfying.

• In tenth year plan, India achieved growth rate of 7.7% with the last three
years getting more than 9% growth rate.

• Even recession faced resilience from India which achieved a decent 6.7%
growth rate and recovered early to 7.4% growth rate in fiscal 2009-10.

Well these highly satisfying numbers are just one side of the coin. We must
understand that development is a very comprehensive term covering both
social and economic growth. It is essential to get a clear image of India and not
just see how this numbers shoot but it’s important that how they get to us.

Government uses the tool of various schemes to take these numbers to

unfortunate Indians who could not directly become the part of growth story.
Highly appreciated NREGA (National Rural Employment Guarantee Act) is one
of them .It’s important for us to have a view of social sector.

First of all poverty ,unfortunately, has increased with economic growth .The
planning commission recently accepted Tendulkar Committee's report
according to which 37% of indian citizens are below poverty line(BPL) as
compared to earlier figure of 27%.Experts claim even this figure of 37% as
underestimated and much lower than the reality. Our unemployment rate is at
10% of total employable population ,we are consistently falling on HDI(Human
Development Index) rank which is widely accepted as barometer of country's
over all growth. Our HDI rank is 134 and surprisingly we are eleventh economy
of the world. There is a need to bridge this gap .

Though government has been regularly using instrument of social sector

schemes to empower the unfortunate indians ,there is a need for a strong
policy measure which could bring employment to them on a permanent basis.
Manufacturing should be encouraged as it brings large scale employment , a
perfect example is China.More over it applies highly to india considering its
young population and good reserves of iron ore.Also important is that the
benefactors of growth must take entrepreneurial role as they have the
resources as well as adequate skills to perform this task. They can channelize
the energy of masses and can exploit the native situation well.This would
trickle down the effect of economic growth across the population while creating
highly stable and healthy social relationships.Government can act as a
facilitator in establising such a scenario. India has been investing highly in
growth drivers like infrastructure where as health and education sectors are
getting paltry share in comparison to population size.India is at a crucial stage
of its growth with an urgent need for balanced distribution of gowth benefits or
else the current lopsided growth could bring major social instability in the
future.

SOURCES: CENTRAL STATISTICAL ORGANISATION,WEBSITE OF WHO