Wednesday, August 15, 2007

India @ 60

Today India celebrated its 60th Birthday. At the outset let me wish the country and my fellow citizens a very happy Independence day. Its a momentous occasion and when I look ten years back, the amount of enthusiasm and spirit has doubled thanks to the explosive growth of the media and communication.

Exactly ten years back, I was still in Kendriya Vidyalaya whereas my counterparts had already moved into junior colleges. My school at that point in time was one of the finest schools in Hyderabad and only one of the few KV schools to offer 11th and 12th in CBSE syllabus. I still remember the long preparations which underwent as part of the 50th I-Day celebrations in our school. There were host of cultural programs including some of the fascinating regional dances and parade. Sweets distribution used to be one of the major part of I-Day celebration in our school or for the matter of fact in any school. The snack pack as I can call it was also really good and matching the occasion of 50th I-Day. All in all it was probably one of my last day's in School and hence the importance of this day was more for me.

Thereafter when I was in college I never ventured out on 15th August and tried to stay indoor for all the four years. When I went to TAPMI to pursue my MBA once again the flavor of I-Day caught up in the campus and for consecutively two years we had some or the other celebration in our campus.

This year is special in its own terms. Its the 60th Independence day and it becomes equally important to go back into the past and see what we achieved together with an outlook into the future and what we wish to achieve. Numerous television channels took this as an opportunity and invited eminent personalities from different fields to talk about achievements of India. Its definitely very difficult to point out one single event in the history of last 60 years which would stand out but certainly there are a few which everyone of us remember it extremely well.

I would like to remember the victory of Kapil's Devil over the mighty WestIndies in the 1983 Prudential World Cup. Even Omkar Goswami rates this as the most important event in the last sixty years. The abolishment of the License raj in the year 1991-92 by then Finance Minister Manmohan Singh stands as the most important economic reform carried out till date in the history of Indian economy. Before this reform, we had just enough foreign currency to manage imports worth of two weeks. Such was the condition of Indian Government.

Reliance coming out with an Initial Public Offering in the year 1978 was also perhaps one of the landmark events in the history of India. This was the first time that a private enterprise was allowed to raise money from the public. Its said that Reliance shares helped some people in the marriages of their daughters and sons.

Some of the events like emergency in the year 1977-78 and the babri masjid demolition in the year 1992 together with the stock market scam by Harshad Mehta stand as negative moments in our history. The dot com bubble bust in the year 2000 together with the Asian currency crisis of 1997 also caused a havoc in the Indian economy. 9-11 would also remain a black mark in the history of India as well as the world.

Inspite of all this, there are a lot of issues in which India still needs to focus. Infrastructure is one of the biggest issues which can hamper the growth of India in every possible way. Political instability which can be seen from last few days on account of Nuclear treaty with US. Increasing population as we look very close to surpassing China. Scarcity of knowledgeable workforce. Rise in the rupee since it has risen close to 8 % in the matter of 2 months which can be extremely bad for the exports.

I shall touch upon each of the above areas in the coming articles. Lets see how India prepares to look forward to 2067.

1 comment:

Sitaram said...

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