Having said that the economic growth alone cannot be called as ‘real’ growth because we are still fighting against fundamental problems like poverty, illiteracy, health-care and infrastructure in almost all parts of the country. The vibrant economy is helping me to buy a Honda City car but my poor governance is making me drive in the worst roads. So the need of the hour is good Governance which should make this economic growth to remove the poverty and improve the ‘Quality-of-life’ for everybody. We should learn from south-east Asian countries that got independence at the same time (Singapore, Malaysia, Taiwan and Japan) and implement good governance.
Providing good governance in India is a real challenging task because of its ‘Diversified’ nature. Even though ‘Diversity’ is considered as strength in the Corporate as well as in the Investment world, in case of our country it is acting as a weakness because we are ‘Too-much-diversified’. We cannot talk to the whole country in a single language or bind the whole country under a single ideology. This makes the ‘Coalition’ government inevitable and makes the ruling party left with very less power to implement anything drastically. The recent ‘Hold-on-Disinvestment’ shows how difficult it is for any government to make any bold decisions.
Going by theories Economic reforms should change the needs of people and that need will drive the country towards good governance. For the past 1200 years India as a country is able to survive in spite of the foreign invasions is mainly because of its strong culture. Now it is time for us to take pride in our country and its strong culture and March towards improving ‘Quality-of-life’ and transforming ourselves into a ‘Developed’ nation.