--- [EMAIL PROTECTED] wrote: > Economy 90 years behind US: WB > PTI Chennai Feb 10: Despite being �star performer� > in terms of economic > growth, India will take at least another 34 years to > achieve the GDP level > of the United States in 1950s, a senior World Bank > economist said here > today.
IMHO, India would have already reached near western standards in GDP if it wasn't for all the controls imposed on production and competition during the Nehruvian dynasty rule, based on Gandhi's swadeshi movement - no doubt a good idea at the time, but unfortunately bad in the long term. Heavy controls unfortunately lead to corruption and the growth of mafias (see what Bombay's and US's prohibition led to). It is competition (whether foreign or local) that goes towards increasing quality. And it is only now that the Indian market has opened up to foreign goods, resulting in markedly improved quality in a lot of goods. (India did have some good-quality stuff before, but the goods were rare and in cases, out-dated.) I only hope for India's sake that companies become more reliable in exports especially with regard to deliveries, and more consistent with quality. Cheers, Gabriel de Figueiredo Melbourne - Australia ex-Ponjekar ani Lotlekar Find local movie times and trailers on Yahoo! Movies. http://au.movies.yahoo.com
