Economics India

Sunday, February 26, 2006

Anonymous Comments on Bush Visit: A Brief Response


Your attention is invited to the following comment by the Anonymous on the earlier post: Quote: Let us get serious. There is a Railway budget and you have not commented on it. There are all the reports that Planning Commision has prepared - which I presume has the talent to prioritize all development issues. All this buzz about Bush visiting India is of no use. Look at the past history - it did not result in anything meaningful.India has to seize its development by itself.And if this blog is to have impact it should have seriosu commentary - like Paul Krugman / Paul Samuleson or Larry Kudlow on CNBC.Otherwise it is just shooting the breeze. It should be provocative, insightful, unique, analytical and not superficial.What do you think ? Unquote:

I would indeed agree with the tenor of the comments above. However, is not "energy" a critical input that is required to sustain India's economic development -- and therefore the objectives and the outcomes of President Bush's visit to India of relevance to this blog? In the past, on most domestic and international issues, Indian and US wavelengths were not in sync. President Bush's forthcoming visit is the first of its kind that will address an economic issue of great importance to India, in spite of its dominantly political overtones. Afterall, the political economy of a country tends to dominate economic decision-making in any country.

That said, I agree that we should not not lose sight of more urgent economic issues and one such issue is the Railway Budget. Yes, I looked at the Railway Minister, Laloo Prasad's budget speech which very well lays out the financial and performance improvements achieved by the Railways over the past 2-3 years and the system's modernization plans -- including the politically attractive aspect of keeping the passenger fares unchanged and economically important proposal of rationalizing freight structure. I am, however, looking at "efficiency" indicators used by the Railways in presenting this budget. As the Railway Minister has himself put it -- the user of the Railway system should be treated like a "king" -- meaning the quality of service must be improved to the satisfaction of the users. More on this subject soon after we complete the inquiry. However, the readers should feel free to comment on the pros and cons of the Railway budget proposals.

Meanwhile, we will make every effort to improve the quality of the posts we issue on various economic topics. Thanks to the Anonymous for his/her comments.


  • With such a talent in India, including the President who is nuclear scientist, why India on her own can not produce the necessary nuclear fuel? This is an important question and neither the leftist nor the rightist are discussing this. Is something wrong with all of them?

    A Scientist

    By Anonymous Anonymous, at 11:48 AM  

  • It seems India can produce nuclear fuel but what it needs is technology for safe production of nuclear power consistent with international safety standards.

    By Anonymous Anonymous, at 6:32 PM  

  • If India is unable to manufacture safe technology (at any cost) it can not assure safety either. Look at the pollution in India. India and China can not manage environmental cleanliness and it is too dangerous for such countries to rely on nuclear technology. In my view the US should never give anything like nuclear technology to India or any other country like that.

    A Scientist

    By Anonymous Anonymous, at 2:49 AM  

  • Congratulations Dr. Deshpande for accepting our intellectual challege. It is an "aawahan".

    We look forward to an analysis of India's budget - Nani Palkhiwalla style.

    Kautilya Chanakya (VishnuGupta)

    By Anonymous Anonymous, at 4:36 AM  

  • On Chanakya's comment: India's national budget is a big subject --- and I will be happy if various topics and issues are handled in sequence. I look forward to a lively discussion on this subject. Let us bring this blog to the notice of all our friends and contacts who may have interest in India and India's economic development.

    By Anonymous Anonymous, at 9:21 PM  

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