India is heavily involved with IFOs, such as the World Bank. It is working with this organization to build infrastructure. India is different from other “developing” countries that seek aid from IFOs, for it already has a GDP of $3 trillion dollars growing at an astounding 8.5% a year. In comparison, the United States is growing at 2.2% a year. Obviously there are differences in scalation of the economy and the fact that one is industrialized but still 8% is a huge growth rate. Thus, the World Bank’s involvement in India is very different from its involvement in most of its member-states. It does not need to give India loans or aid it in “tightening its belt” on spending. Help is instead directed towards the allocation of India’s wealth. India desperately needs infrastructure development.
While the country has the money, its rapid growth needs to be followed up with internal development. Roads, power plants, agriculture, health, and education are all still at a developing country while their monetary growth is at the level of an industrialized state.
India, in spite of its many flaws, has managed to shed its image of a third world poverty stricken nation. it may very well be the paradigm of advancemetn without great amounts of foreign help. India has managed to pave its way without having to fully rely on IFOs. India has achieved all of this in spite of a high level of corruption in the country. whether it be individual industry or government officials it is very easy to see that corruption rules the day in India. The World Bank is the only organization that can really help set up a plan to decrease corruption and move india out of the 72nd most corrupt country slot in the world.
http://www.infoplease.com/ipa/A0781359.html
April 19, 2008 at 7:38 pm
I appriciate the article on “India: Strong Externally, Weak Internally”
Let me given an example – I have filed a complaint with Central Vigilance Commission (CVC) and they registered the complaint under Ref: 611/05/10. Initially their Web site updated stating “Administrative Action has been taken” when there was no such action- I reported, then CVC web site stated “Commission Ordered closure of the case” when wrote back now CVC web site shows error message. Quite strage.
When we have duty to report, CVC will not given a courtesy reply.
The case is so serious involving hundred crores of Rupees and many Officials involved in the case have resigned from service when CVC investigating the case (why?) some of them even bold enough to secure employment from the Contractor itself. Such type of case has been ordered to be closed by Commission.
Any one interested can get the details of the case under Right to informatiuon Act (RTI Act) quoting CVC case No.611/05/10 and one can get to know the gravity of the case.
Any way I lost faith in Administration, even If I have to wittneess a day light robbery or cold blooded murther, perhaps, I will be the last person to report the matter.
sincerely,
P.SWAMINATHAN
12, 18tyh Street, Balaji Nagar Extn. II, Puzhuthivakkam, ?Chennai-600091 TN, India
phone:044-22530059 Cell: 9840780885
email: psnswaminathan@yahoo.com