Republic Day 2018- some thoughts

26/01/2018

On the Republic day, it is appropriate to think of the vast development that has taken place in the country since independence. It is also not out of place to think of the missed opportunities and the ways to move forward faster. It is also useful to compare the development in India with the development that has taken place in other countries, particularly with countries like South Korea, Japan, China, Singapore, Malaysia etc. More important is the comparisons of per capita income, per capita availability of consumption items, medical services, educational services, transport services etc, While India has the third largest economy in the world, in per capita GDP it ranks below 100, lower than the countries to whom India extends economic assistance. Investment in research in science and technology is very low and the country looks for foreign technology and money. While importing technology on a short term basis is not harmful, looking for foreign funds is not only not necessary but also strikes at the root of self reliance. While countries with low population should seek foreign technology, India which is larger than some continents in population should aim at developing technology.

Bilateral relationship with other countries particularly with developing countries should not be based only on extending technical and economic assistance but also on receiving for Indian establishments and individuals concessions, facilities etc for their development. For example, India should make efforts to obtain permissions for Indian banks, insurance companies, educational institutes, hospitals, audit firms etc to freely operate in foreign countries. India should also seek agreement with Sri Lanka for Indian fishermen to fish in Sri Lankan waters and Sri Lankan fishermen to fish in Indian waters.

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