Wednesday, August 6, 2008

Bread will come from Infrastructure!

In one of my earlier posts (Inflating Inflation in India) I had said that the inflation rate in India was more than what it should be. And this was primarily because infrastructure was woefully inadequate in the country. A low-inflation high-growth scenario is only possible if there is an underlying infrastructure to support real economic growth.

I am happy that Laloo Prasad Yadav also thinks the same. Amusing, though he may sound, his grasp of economics is firm. “Roti – Infrastructure se ayega” (Bread will come from Infrastructure – I am not sure how the translation sounds!). Nevertheless his point is valid and well accepted. And I am glad that he is in the Parliament! I would like to see him as a Prime Minister someday. Maybe he could turn this country around like he did with the Railways!

This is the link to the video on YouTube. It’s a must watch. The part where Laloo brings out the infrastructure issue, is about 4:45 minutes into the video. Enjoy.

1 comment:

Harish Kumar said...

Lalu Prasad Yadav, Sharad Pawar are two of the ablest administrators India has seen. A Government needs administrators and not just rabble rousers like Jaitley/Fernandes/Swaraj. My biggest grouse with the BJP is that for every Shourie there were ten Jaitleys who have absolutely zero knowledge/experience of running things. They are great at pointing out the shortcomings but can do absolutely nothing to actually address things. Sadly, the debaters are the ones who look good on TV and the great Indian middle class falls for them very easily/quickly.
On Lalu.. Nitish Kumar is actually a good administrator but didn't have the right outlook to make Railways make money. He had accepted that it will remain a loss making body for eternity and all he has to do is protect losses. Lalu literally took the bull by its horns and transformed it.