Win Sky+HD for a year and a trip to Barcelona
However noble the intentions and pressing the need, a leader who cannot persuade party colleagues to back his or her proposals for reform is rarely able to achieve much. Manmohan Singh, the Indian Prime Minister, has made little secret of his determination to make his country more responsive to global markets since taking the first tentative steps as Finance Minister to reform a sclerotic, inward-looking economy in 1991. As Prime Minister he has tried to continue the reforms. But he has found himself frustrated by the hostility of left-wing ideologues within his coalition, by the vociferous complaints of those allegedly bypassed by India’s prosperity and by armchair socialists in the West who delight in denouncing the iniquities of the market.
Since 2003, India’s economy has grown by more than 8 per cent a year. This is by far the most impressive growth that the country has enjoyed since independence. In less than a decade, India’s fortunes have been utterly transformed. A country that only 50 years ago could barely feed itself is now a global leader in high technology and a significant industrial power, and is becoming an acquisitive and aggressive investor in developed Western economies. Millions of Indians each year are joining the emerging middle class. Millions more who once had no way of escape from humiliation and abject poverty are able to save enough to educate their children and secure a rung for them on the ladder upwards.
The whingeing of Western bien pensants who want India to remain wedded to a Gandhian philosophy of village socialism is not only outdated; it is deeply destructive and racist. By citing the growing gap between India’s very rich and very poor, it gives spurious legitimacy to the claim that the market has only exacerbated disparities, while ignoring the extraordinary advances made possible for millions of poor in India, China, Vietnam and other countries that have embraced the opportunities presented by economic reform.
This politics of envy, unfortunately, also has a strong grip within India. Opportunist politicians are quick to exploit the discontent in villages and slums, which, thanks to the rapid spread of tele-vision, communications and education, have seen how a tiny minority of the super-rich live. The opposition Bharatiya Janata Party – which disastrously went into the last election, proud of its free-market achievements, with the slogan “India shining” – has turned against foreign investment and liberal market reforms. It has made much of farmers’ protests against the setting up of Chinese-style special economic zones. Other regional parties and splinter groups attack the coalition led by the Congress party for not doing enough to spread prosperity to their states and regions.
These pressures on Dr Singh will grow after Congress’s loss of control of Goa, the small southwestern state that has been a mainstay of the tourist boom. The party’s leaders will take fright at this fourth election defeat in a year and could draw precisely the wrong conclusions. They will argue that they must do more to maintain subsidies for the rural poor by diverting more funds to agriculture, fixing prices and trammelling India’s dynamic new industries in regulation and red tape. Recent budgets have seen a partial retreat from reform. Dr Singh must defy the ideologues at home and abroad and liberate those market forces that have already transformed India.
Explore your passion for food with the delights of Thai, Indian & Chinese cooking
In our new series, Tony Hawks takes a dry, wry look at modern life - junk mail, interminable meetings and snooty sales assistants
Read the training tips and advice that helped our London Triathletes
Read our exclusive 100 Years of Fleming and Bond interactive timeline, packed with original Times articles and reviews
The latest travel news plus the best hotels and gadgets for business travellers
Shortcuts to help you find sections and articles
2007
£30,000
2006
£14,337
2008
£39,937
Great car insurance deals online
c.£75,000
GlosFirstmeansbusiness
Gloucestershire
£32,795 - £41,545
Universitry of Southampton
Southampton
£
£32,795 - £41,545
Universitry of Southampton
Southampton
Competitive Package
Npower
West Midlands
1 & 2 Bed apartments
From £249,995
Great Investment, River Views
Great Dubai Investment Opportunities
from £89,950
low-cost ownership homes in London
Las Vegas SALE!
£POA
With Ramblers Worldwide Holidays!
£POA
List your property with two leading travel websites
£POA
Great travel insurance deals online
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times. Globrix Property Search - find property for sale and rent in the UK. Milkround Job Search - for graduate careers in the UK. Visit our classified services and find jobs, used cars, property or holidays. Use our dating service, read our births, marriages and deaths announcements, or place your advertisement.
Copyright 2008 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.