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Monday, May 9, 2011

corruption and economic progress

India is a land of unity in diversity. Foreigners who visit the indian cities always think of growing india , developing infrastructure and financial stable markets. However ,the pic is not rosy on the other part. Still, poverty and unemployement looms large at the national scale. Take the case of china,since 1990, shanghai come out of the shackles of socialism and created manhatton of east for himself. They are having city and town planning museum. With growing intellectual capital, the infrastructure growth plays a crucial role. Some statistics about China and India, drawn mainly from the World Bank and the United Nations, are relevant here. Life expectancy at birth in China is 73.5 years; in India it is 64.4 years. The infant mortality rate is fifty per thousand in India, compared with just seventeen in China; the mortality rate for children under five is sixty-six per thousand for Indians and nineteen for the Chinese; and the maternal mortality rate is 230 per 100,000 live births in India and thirty-eight in China. The mean years of schooling in India were estimated to be 4.4 years, compared with 7.5 years in China. China’s adult literacy rate is 94 percent, compared with India’s 74 percent according to the preliminary tables of the 2011 census.
Still, we are only madly following the economic growth. Financial inclusion and sustainable growth is also needed for the overall economic growth of rhe nation.
The Slew of corruption tarnishes our global image . The whole nation is put on shame when our telecom minister, top executives from top mnc indian companies caught in the national 2g scam. This is really a bane for us.
We must take vow to lift our image .