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What's Holding India Back
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The inability to convince farmers to trade land for a fair settlement in money, new homes, schools and other benefits and to make this a win-win proposiion between farmers and companies is holding up abut $98 billion in investments in steel plants and other plants. A bill in Parliament would require companies to negotiate directly with farmers and reach a settlement that is good for farmers to resolve what is increasingly a serious problem. It is holding up an industrial revolution and the creation of manufacturing industry in India to provide the kinds of jobs that are needed badly.
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The task of building an organization behind competent and good government, and having programs to help the farmers in rural areas, the extremely poor, and farmers in debt, all work to build credibility and votes in India. This position has been taken by the Congress leaders prime minister Manmohan Singh, Sonia Gandhi, and Rahul Gandhi. Years of patient effort at the grassroots and for development if continued could payoff for the current leaders and for India.
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How inability to get farmers to trade land for fair compensation is holding up India's Industrial Revolution.
10/09/2009
About $98 billion in projects are at a standstill.
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Assessments of economic progress in the next decade for India.
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Assessments by Martin Feldstein and others of where India's is in its new trajectory and how things are likely to unfold in the next decade in its development.
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âAn Uncertain Glory,â by Jean Drèze and Amartya Sen
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Experts say rural India is doing much better than rural China. It is a big part of the Indian story and has the potential to give a big boost to growth as India's modernization picks up pace in rural areas.
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