Here is an excerpt from Nandan Nilekani's Interview to Business Week (published on Rediff)
".....When the Paris Air Show was held, all the Indian carriers put together ordered 200 planes. This is mind-boggling to anybody from India. We don't know where they'll land. They'll probably just circle in the air. (Laughs) ....."
Q: Things are happening much faster in China, where they build infrastructure so rapidly.
"It's going to happen, but not the way it happens in China. In China, a bunch of guys get in a room and decide to build a 16-lane highway from Shanghai to Beijing, and it's going to happen.
There's no way that will happen in India. It's too chaotic and argumentative. But what's going to happen is these 200 planes will be ordered, they won't land. They'll be circling. Everybody will get [very angry]. Finally, there will be such public outcry that the airports will get built. It's a different model. But it's a model.
In India, we have a 6% growth rate. That's going to happen. The question is how to we take it to 8% or 9%. The right things are better infrastructure, common economic market, reducing hurdles to business.
The real question is: Will the government stuff happen to take it from 6% to 9%? You need that because you have 10 million people coming to the workforce every year. If you don't grow fast enough, will you have social forces that stalemate everything? That's the worry."
To read the full interview goto: http://in.rediff.com/money/2005/sep/28inter.htm
".....When the Paris Air Show was held, all the Indian carriers put together ordered 200 planes. This is mind-boggling to anybody from India. We don't know where they'll land. They'll probably just circle in the air. (Laughs) ....."
Q: Things are happening much faster in China, where they build infrastructure so rapidly.
"It's going to happen, but not the way it happens in China. In China, a bunch of guys get in a room and decide to build a 16-lane highway from Shanghai to Beijing, and it's going to happen.
There's no way that will happen in India. It's too chaotic and argumentative. But what's going to happen is these 200 planes will be ordered, they won't land. They'll be circling. Everybody will get [very angry]. Finally, there will be such public outcry that the airports will get built. It's a different model. But it's a model.
In India, we have a 6% growth rate. That's going to happen. The question is how to we take it to 8% or 9%. The right things are better infrastructure, common economic market, reducing hurdles to business.
The real question is: Will the government stuff happen to take it from 6% to 9%? You need that because you have 10 million people coming to the workforce every year. If you don't grow fast enough, will you have social forces that stalemate everything? That's the worry."
To read the full interview goto: http://in.rediff.com/money/2005/sep/28inter.htm
chaos doesn't lead to development... therefore the basis of the model itself is a falacy!
ReplyDeletewait for my detail reply in my blog... (let me find time to express) ;)