Saturday, April 06, 2013

In India, we mistake it for Development !!

Just to clear the air regarding development in some parts of the country in relation to others .. Please read this article  from Times of India ..

This is called development in Gujarat, investment leading to less than 0.27% returns .. Investment on show case infrastructure projects, (to impress the people) indebting the people of the state to an extent of Rs 26,000 per capita on loans, having among the highest debt burden in the country and still claim to be a "model state", get rapped on the knuckles by Comptroller and Auditor General (CAG) for unproductive investments using borrowed funds at higher rates of interest, all said, to put sand in the eyes of a gullible and ignorant public. 

The International Economic Development Council defines economic development as an "activity that seeks to improve the economic well-being and quality of life for a community, by creating and/or retaining jobs…"  

Where is economic well-being ? Where is improvement of quality of life ? where are jobs ? Big business houses are being given out-of-turn concessions amounting to benefits for thousands of crores of rupees in allotting land to bribe them into speaking good about the government .. If every CM in the country takes up showing off as a substitute to development, what will be the fate of the country .. 


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