Johnny Munkhammar skrev på denna blogg från 2004 till sin död 2012. Bloggen är upprätthållen som ett minne och som referens till Johnnys arbete av Johnny Munkhammars minnesfond.

This blog was operated by Johnny Munkhammar from 2004 until 2012 when he passed away. This blog is now in a memorialized state and operated by the Johnny Munkhammar fund.
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Tuesday 16/07/2024, 05:28:32

15/08/2007 9:27:58 am
India 60 Years. A huge country of great diversity and different religious groups, dominated by widespread poverty. Not surprisingly, there were doubts about how India would develop after the British left it 60 years ago.

But it remained not only one country with internal peace - it has also enjoyed a stable democratic system. The contrast with Pakistan, also 60 years, is clear; The Economist recently concluded that Pakistan is simply in "a mess".

The tragedy of India was always the massive and persistent poverty. For fifteen years, however, India has boomed. Socialism and protectionism were left behind. India opened up to globalisation. Its latest annual growth rate was 9 per cent. Despite vast improvements, many are still poor and thus income inequality has increased. But would anyone prefer that all Indians were still equally poor?

India is indeed a great showcase for democracy and economic freedom, also disspelling a number of myths. More in the FT here.

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