India in the 21st century: An interview with Arun Maira

Folgender Beitrag entstand während des Global Economic Symposiums, das am 4. und 5. Oktober 2011 in Kiel stattfand. Alle Artikel sind auf economicinsights.eu zu finden.

  • Arun Maira is an elegant man with grey hair, strong tractions and a smile that makes him look like a boy. He seems pretty vital for a 67 old man. Living in Dehli, India,  he serves there as a member of the economic planning commission. He had studied physics before working for Tata Group for 25-years. Later he was with the Boston Consulting Group. He publishes articles and books.
  • The Planning Commission of India is a governmental institution, that gives directions for economic development in five-year plans. Until 1990s the policies were rather restrictive, following socialist ideas. Since then, economic policy has changed and the economy opened up. The latest,eleventh five-year plan is for 2007 to 2012.
  • In an interview in the wine cellar of the hotel Atlantic Arun Maira talks about India’s economic situation, the need of participation in a democracy and an a better system in the “new normal”.
India’s economy was liberalized in the early 1990s. Why is there still a planning commission?

Arun Maira: Because there was one. When things change it takes a while. Two years ago, when the new government came, they asked the question you are asking. And the answer was: No, we should not have a Plannig Commission. The challenges in India are a lot of change for the country. For doing the right thing you need to have a kind of radar. The planning commission need cannot say the people what to do or not to do like 50 years ago, but you can give them very good insight and information. This required to be fulfilled by somebody and the best organization available is the Planning Commission. „India in the 21st century: An interview with Arun Maira“ weiterlesen

China vs. Indien

Wenn China und Indien verglichen werden, liegt fast immer China vorn: Das schnellere Wirtschaftswachstum, die bessere Infrastruktur, die Effizienz. Deshalb taucht die Frage auf, ob vielleicht die Demokratie in Indien das Land daran hindert es China nachzutun.

Damit beschäftigt sich ein weiterer interessanter Vortrag bei der TED Conference (btw: <3): Does democracy stifle economic growth? Huang macht unter anderem klar: Der große Vorteil Chinas war Humankapital. (Mit der Ein-Kind-Politik kann aber erwartet werden, dass sich die demografische Entwicklung in den nächsten Jahrzehnten die wirtschaftliche Entwicklung eher hindern wird.) Da kommt meiner Meinung nach der große Vorteil Indiens ins Spiel: Denn dort ist genau das Gegenteil der Fall, denn die Bevölkerung ist jung. Aber ungebildet, wie Huang in seinem Vortrag auch erzählt.

Huangs Fazit: In China müssen politische Reformen durchgezogen werden, damit das Wachstum aufrecht erhalten werden kann, Indien muss in öffentliche Versorgung investieren.