India’s Demographic Dividend

In an excellent paper written for the American Enterprise Institute, Nicholas Eberstadt states that :

Over the next two decades, India‘s total population is set to grow by a little over 1% per annum, possibly becoming the world‘s most populous state before 2030—and almost all of this growth would be working age manpower. As India‘s manpower pool grows, the country‘s ―dependency ratio (the ratio children under 15 and persons over 65 to working-age population) will be falling, and the society will remain relatively youthful. Such changes in population structure could facilitate higher levels of national savings, investment, and thus —all other things being equal—economic growth.

 

The catch?Lack of education access (education deficit) and proper medical facilities (health deficit) for millions of Indians can possibly spoil the party.

An owl on every branch

Now the President’s office has come under fire for a land grab (see here)

Now practically, every branch of the Government-President’s office, the Army,the Executive, the Legislature and even the Judiciary is embroiled in some controversy or the other.

Am reminded of  a couplet of Akbar Allahabadi:

“Barbaad Gulistan karne ko,

ek hi ullu kafi hai,

har shaakh pe ullu baitha hai,

anjame gulistan kya hoga?’’

 

To destroy a garden

One owl (colloquial for fool) is enough

There is an owl on every branch,

What will be the fate of the garden?

Friend or Servant?

An old joke about Reliance goes like this:

“There are two types of people in government-friends of Reliance and servants of Reliance”

 

The truth behind this joke has now become evident.

Along with Natwar Singh, Reliance Petroleum was named in the Volcker Report as a beneficiary of the oil-for-food scam.Yet it was let off scot free

When the Prime Minister Manmohan Singh was asked why,he replied “After all, what can I do? It is India’s largest corporate.” (source:Caravan)