20 October, 2020

From Centre To Periphery

All economic progress is superficial until the quality of life is richer and more even

Sanjib Mukherjee
From Centre To Periphery
At the outset let me say that I am not a macro-economist or a soothsayer who can look into the future. I am at heart a social worker and today this is an area that engages my deepest emotions.

I think India, by and large, has done well for herself in the last 10 years and the economy and industry has seen buoyant times, except for the downturn in the late '90s. The capital market has matured and the banking system is more robust. (And I earnestly hope the next decade will have fewer scams!) The 300-million-strong middle class has shown rising aspirations for a better life and liberalisation has created a new mindset of consumerism with its own consequences. Some fine institutions like the Tatas, Infosys, Wipro, ICICI and in my own city Pune, Bharat Forge, have emerged as strong contenders in global competitiveness. In the last 10 years, corporate governance is being discussed with more earnestness and urgency in boardrooms and corporate social responsibility has made some progress, though slowly.

I have always maintained that business for its own survival needs growth...


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