Wednesday, November 30, 2005

A new resurgent India

‘Fault lies within us, history will be harsh if we don’t deliver’
The Indian Express Wednesday, November 30, 2005
In an eloquent appeal for far-reaching reforms, Prime Minister Manmohan Singh urged the ‘‘skeptics, worriers and critics...some who have genuine concerns, others continue to be prisoners of the past’’ to recognise the idea of India as a front-ranking economic powerhouse. ‘‘History will judge us harshly for not making bold to make it happen,’’ said Singh to a packed house of industrialists and policy-makers at the closing of the India Economic Summit. ‘‘Why should we be gripped by diffidence? Why should we live in fear of globalisation?’’
Citing Infosys, Wipro, Telco as global brands, Singh said, ‘‘It must give us confidence to pursue change in areas where we have shied away from change. Be it in urban governance, be it in rural marketing, and labour laws.’’ In fact, the PM even promised to address the sensitive area of labour reforms and make them ‘‘more flexible’’ after evolving a ‘‘consensus on the matter’’ and building in ‘‘credible social safety nets’’. Singh felt we would have only ourselves to blame if we do not seize the opportunities available and move towards ‘‘a new resurgent India’’ that should achieve a 10 per cent growth rate in 2-3 years’ time’’.

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