Dear All,
The way I understand this - The black economy has evolved as a counter to the supposedly white economy riddled with massive corruption in the governent. It is insulated from the economic woes of the rest of the world for the simple reason it is limited to India centric transactions. It probably does hold the business world together by implication that 'likes stick together' - I think it is conceivable that if corruption were to be rooted out, black economy will follow.
There does not appear to be much harm at this time to list it as a positive when we are scrapping the barrel.
And as I wrote earlier, functional bureaucracy on the plus side does not make cut with me - it is a cross we ae forced to bear.
Regards,
Virender
On Sun, Mar 3, 2013 at 1:11 PM, Manmohan Kumar <nrisoldierleague@gmail.com> wrote:lack economy will
On the positive sideSarabjit, if this is the contention; what's IAC fighting for?
1) India has a great Parallel ("black") economy which holds the nation together and insulates us from the economic woes of the rest of the world..On Sat, Mar 2, 2013 at 7:13 PM, Sarbajit Roy <sroy.mb@gmail.com> wrote:
The new IAC management had taken over on 18.Oct.2012.
It has taken us about 4 months to set our house in order, understand the issues and aggregate sets of people who seem interested in India's renewal.
By now, it is pretty clear that almost everyone agrees on the basic issues of what ails India and that "corruption" is only a symptom of much deeper problems which have to be understood and fought.
To recap:
1) Absence of Democracy (people's direct participation).
2) Lack of proper governance to favour corporates, cronies and scamsters.
3) Criminalisation of society, coupled with breakdown of law and order.
4) Tensions on our borders, with weakened Armed Forces
5) Dynastic family rule and all pervasive Gandhi-ism
6) Complete breakdown of societal values, education & health delivery systems
7) Rampant corruption in the judiciary
8) Inadequate and crumbling infrastructure
9) Systematic grabbing of land and other natural resources
10) Deeply corrupt media.
On the positive side
1) India has a great Parallel ("black") economy which holds the nation together and insulates us from the economic woes of the rest of the world..
2) India has some of the best laws on the world.
3) India has a common language (English) which is understood almost everywhere in the globe.
4) India has great people who have resisted efforts to divide them
5) India has a functioning bureaucracy.
6) India has a young population and lack of social security systems..
7) Indians have a "can do" entrepreneurial spirit recognised the world over.
8) India has Bharat to back it up.
9) India has a plurality of faiths, cultures and value systems.
10) India still has reasonably fair electoral processes.
All these elements are part of IAC's strategy to contribute to renewing India, and which will be shared over the next few weeks.
Sarbajit
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Virender Bhogal
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