{"id":276,"date":"2008-12-22T03:39:47","date_gmt":"2008-12-22T03:39:47","guid":{"rendered":"http:\/\/www.department99.com\/bobamter\/?p=276"},"modified":"2014-09-17T16:57:38","modified_gmt":"2014-09-17T16:57:38","slug":"india-%e2%80%93-what-hinders-its-development","status":"publish","type":"post","link":"https:\/\/bobamter.com\/?p=276","title":{"rendered":"India \u2013 What hinders its development?"},"content":{"rendered":"<p><a href=\"http:\/\/www.bobamter.com\/wp-content\/uploads\/2011\/01\/India-Manu.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-396\" title=\"India Manu\" src=\"http:\/\/www.bobamter.com\/wp-content\/uploads\/2011\/01\/India-Manu.jpg\" alt=\"\" width=\"620\" height=\"380\" srcset=\"https:\/\/bobamter.com\/wp-content\/uploads\/2011\/01\/India-Manu.jpg 620w, https:\/\/bobamter.com\/wp-content\/uploads\/2011\/01\/India-Manu-300x183.jpg 300w, https:\/\/bobamter.com\/wp-content\/uploads\/2011\/01\/India-Manu-430x263.jpg 430w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/a><\/p>\n<p>Some thoughts on the interesting book\u00a0<em>\u201cIn Spite of the Gods \u2013 The Strange Rise of Modern India\u201d <\/em>by Edward Luce, the former Financial Times&#8217; Washington Bureau Chief. He was the FTs&#8217; South Asia Bureau Chief based in New Delhi.<\/p>\n<p>While his conclusion is that India will become an economic super power, its many negatives will delay its development.<\/p>\n<p>Some of the negatives:<\/p>\n<p>\u2022 Its massively ineffective and corrupt &#8220;quasi-socialist&#8221; political system.<\/p>\n<p>\u2022 Labor laws are too restrictive, cannot fire or lay off any employees, even if they are criminals, which supports the case for outsourcing only and not investing in 100% owned operations.<\/p>\n<p>\u2022 Literacy in China is 90%, in India it is 65% &#8211; female literacy is 48%. Focus in India is on university education, not elementary school education which China has focused on to build a viable work force. By comparison, the USA&#8217;s literacy rate was 90% during its industrial and economic ascendancy in the 1800s.<\/p>\n<p>\u2022 India lacks investment in infrastructure, just starting to build roads and highways.<\/p>\n<p>\u2022 Bulk of its population lives in small villages, not an urbanized country most developing countries tend toward. Of 1 billion population, 750 million live in small villages.<\/p>\n<p>\u2022 People are not motivated to seek a better life, caste system is an obstacle, lack of ambition somewhat stifled by elite strata which are still very British oriented.<\/p>\n<p>\u2022 Corruption is pervasive and extensive. Bribes are commonplace.<\/p>\n<p>\u2022 A telling difference between China and India is that China has accepted capitalism. Surprisingly for China\u2019s controlling government, its economy is based on market-driven industrialization. India has not accepted capitalism with its over-regulated private sector which is a draw back to growth and development.<\/p>\n<p>An interesting fact:<\/p>\n<p>India&#8217;s police have\u00a0<em>&#8220;encounter specialists&#8221;<\/em> which are policemen who kill criminals the police decide are guilty &#8211; prior to a trial. India has a 27 million criminal and civil case backlog. Police kill criminals because evidence gets lost, witnesses die, low-paid judges are easy to bribe and it takes too long for cases to come to trial.<\/p>\n<a href=\"http:\/\/twitter.com\/share\" class=\"twitter-share-button\" data-url=\"https:\/\/bobamter.com\/?p=276\" data-text=\"India \u2013 What hinders its development?\" data-count=\"horizontal\">Tweet<\/a>","protected":false},"excerpt":{"rendered":"<p>Some thoughts on the interesting book\u00a0\u201cIn Spite of the Gods \u2013 The Strange Rise of Modern India\u201d by Edward Luce, the former Financial Times&#8217; Washington Bureau Chief. He was the FTs&#8217; South Asia Bureau Chief based in New Delhi. While his conclusion is that India will become an economic super power, its many negatives will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44,5,16],"tags":[238,96,51,224,97],"class_list":["post-276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-india","category-manufacturing","tag-books","tag-edward-luce","tag-foreign-markets","tag-india","tag-investment-potential"],"_links":{"self":[{"href":"https:\/\/bobamter.com\/index.php?rest_route=\/wp\/v2\/posts\/276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bobamter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bobamter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bobamter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bobamter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=276"}],"version-history":[{"count":17,"href":"https:\/\/bobamter.com\/index.php?rest_route=\/wp\/v2\/posts\/276\/revisions"}],"predecessor-version":[{"id":1466,"href":"https:\/\/bobamter.com\/index.php?rest_route=\/wp\/v2\/posts\/276\/revisions\/1466"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bobamter.com\/index.php?rest_route=\/wp\/v2\/media\/940"}],"wp:attachment":[{"href":"https:\/\/bobamter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bobamter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bobamter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}