Wednesday, April 26, 2017

Make growth sustainable and equitable

"The clearest way into the Universe is through a forest wilderness."
Word for the day
Synesthesia (n)
A sensation produced in one modality when a stimulus is applied to another modality, as when the hearing of a certain sound induces the visualization of a certain color.
Malice towards none
Violence, be it in J&K or in Chhattisgarh, needs to stop. Immediately.
First random thought this morning
Indian equity market scaled new peak yesterday in a typical frenzied fashion. The panic amongst investors and traders who were waiting for a correction to buy is palpable. The common refrain now is "buy whatever has not gone up".
The junk is therefore on the move at a scorching pace.
In all this, a sane friend reminded, quoting Howard Marks “When there’s nothing clever to do, it’s a mistake to try to be clever.”

Make growth sustainable and equitable

Last year, the central government told the Supreme Court that over 330mn Indians are facing acute water shortages due to drought conditions.
I am not sure what my readers in metro cities having no direct connection to the affected areas made out of this admission by the government. But trust me (a) this is much more serious than you could possibly imagine; and (b) the government was only partially right in its statement.
It is true that over one fourth of Indian population is suffering from serious water crisis. But it is not completely true that this is some temporary problem caused by two consecutive drought years and rains this monsoon season will resolve the problem.
In many parts of the country, including many metro cities like Delhi, Bengaluru, Mumbai, Indore, Madurai etc., water shortages are perennial. People, mostly female members of the household, have to walk long distances and wait for hours to fetch few liters of water barely sufficient to meet their sustenance needs.
Large parts of central and south India, Rajasthan, Gujarat and Maharashtra are parched since decades now.
The current drought conditions have obstructed industrial production in affected area, damaged crops, and adversely impacted animal husbandry. But this is not the worst part.
Last year, our trips to Bundelkhand and Vidharbha regions, taught us that acute water scarcities is severely damaging (a) the basic fabric of the society; (b) peoples' faith in the constitutional institutions; (c) the survival instinct of people; and (d) psyche of the people.
The rate of crime is rising. Even bigger problem is that the acceptance of crime as a way of life is rising; affording a certain degree of legitimacy and respect to the criminals. Child traffickers, organ thieves, pimps and rapists are not amongst the most hated. Police, district administrators, bureaucrats, and politicians enjoy that distinction. This mistrust of people in the establishment was one major reason for disastrous performance of SP in last UP elections.
On economic side, the country is witnessing humongous productivity loss. A large number of children and youth are missing school and work to go in search of water. Mothers are not getting enough time to feed their newborn. The business of dirty water is growing much bigger than the bottled water and so is the business of water borne diseases.
The government and policy advisors need to accept that higher and faster growth is not sufficient. We would need to make the growth much more sustainable and equitable. I have been writing on this subject consistently for past many years. For example you could read the following:
In my view, before education and health, the government must have made clean drinking water delivered at home, a constitutional right of all citizens.
...to continue
Read with the following

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