Wednesday, February 11, 2009

Luck by chance!

For a change I am watching a lot of movies these days (courtesy vinay sharma) and i m lucky last 2 were good. Good in my language means something which is created out of sincere efforts and with a vision.



Movies can be source of ideas, reflections etc. apart from entertainment. The current economic crisis is lucky for none but India. In my view the fundamental reason for the crisis is the exorbitant consumption by the west and the blind production by the east in the service of west. If you consume more than you produce you will one day deplete everything your forefathers earned and left for you. And if you presume that there is infinite wealth in west and keep accepting credit bills assuming they are against a real treasure hidden in the west, it will only leave you with paper and a lot of it. US and china are perfect examples of the west and the east. US crude consumption is 30 times that of India for a population less than 1/3rd of India, China exports are 9 times that of India. Today US does not have money to support its consumption and china does not have a wealthy sethji to serve.



India is lucky by chance. Being a poor country we could not afford to be a sethji and being lazy we weren't really interested in serving the sethji. There are two fundamental dimensions to out nature, maximum return in minimum efforts, and save as much as possible and consume as little as possible. Both these dimensions has put us in a unique position: "Luck by chance". We don't have a trade surplus so we don't care whether there is a sethji out there or not and because we have been saving for the future we have deep pockets. India is in a unique position to develop itself to a most powerful economy provided we break our notion of being a underdeveloped or backward nation. This very notion has lead us to follow west and not recognize the leader inside us. Instead of running for a better life to western countries, we can create a better life in our own country. Provided we see ourselves capable doing it.



I know by now you have got into pragmatic mode. "Blog likhne se development ho jata hain kya" Nah! it doesn't happen because of writing blog , blog likhne se time paas hotaa hain :) Development needs resources and productive human beings. We have 1/6th of the total human beings on the earth and resources are getting cheaper day by day, crude is 38$ a barrel today, it has fallen from its peak of 140$ a barrel in july 2008, so is the case with other commodities. Only thing we have to do is consume less than we produce. If we build new roads there will be enough cars to occupy them, if we build new public transport there are people waiting to travel in peace, If we produce
world-class consumer products , there are plenty of buyers in the country with a taste for them and even deep pockets to buy them.



So as long as people are willing to produce first then consume, we don't need the world, we can achieve rapid development indigenously! see "Luck by chance"!




1 comment:

Aastha said...
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