Dossier – The new India
It's true that the bigger the cake, the more there is to go round. Statistics regarding India’s economic growth are comparable to figures for China. The yearly creation of wealth, which is now close to 10% of GDP, could benefit everyone. But the low quality of education, above all in public primary schools, the power to blackmail that is wielded by bureaucracy, corruption and caste divisions often impede the residents of the slums of Mumbai, Delhi, Bangalore and Calcutta from getting their share of this economic boom. The risk exists that injustices and inefficiencies will stop the growth. But another danger exists as well: that the lack of infrastructure may create, over the middle- to long-term...
It’s true that the bigger the cake, the more there is to go round. Statistics regarding India’s economic growth are comparable to figures for China. The yearly creation of wealth, which is now close to 10% of GDP, could benefit everyone. But the low quality of education, above all in public primary schools, the power to blackmail that is wielded by bureaucracy, corruption and caste divisions often impede the residents of the slums of Mumbai, Delhi, Bangalore and Calcutta from getting their share of this economic boom. The risk exists that injustices and inefficiencies will stop the growth. But another danger exists as well: that the lack of infrastructure may create, over the middle- to long-term…
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