Thursday, February 1, 2007

India on a bull run

India is shining.

To say that 2005 was a year of bull run for India, won't be an exaggeration. And as is evident from what our neighbours have to say, 2005 made India a force to reckon with.

Pakistan's leading daily Dawn says in its editorial, "The year ending has been a successful one for India. It is now a recognised player on the world stage, influential both in the realm of politics as well as in global trade deliberations."

Even as the Sensex crossed the 9,000 mark, there were analysts who opined that 'Indians have reason to believe the country is shining, but the shine is like the gloss on a new cricket ball. After a few overs the rough edges creep through'.

In an answer to this view, the editorial says: "Well-known South Asia scholar, Stephen Cohen, in his definitive study on India published in 1996, had described the country as an "emerging power". This appellation had raised some eyebrows, for while India had been doing well, many analysts were not sure whether, at that point in time, it could be considered as an emerging global power. Now, there are no such doubts."

"India's stable polity and investor-friendly policies, coupled with a strong leadership, have resulted in a conscious effort by the world's major powers to woo India, not only to take advantage of its increasingly attractive economic opportunities, but also to ensure that its voice and vote remain on their side," the edit says.

Foreign companies and institutional investors are already pouring into India, attracted by the country's blooming affluent classes, which have nearly tripled from 30 million households to 81 million in just ten years.

According to the latest FDI Confidence Index prepared by AT Kearney, the global management consultant, India ranks second only to China in the FDI attractiveness sweepstakes, scoring 1.951 points on a scale of 0-3 and it has upstaged the United States from the second position.

India also got recognition for its democracy, which according to Prof Amartya Sen contributed to India's economic growth this year.

Sri Lanka's leading daily Daily News has describes India as a foremost regional power and world's largest democracy.
Lauding India's democratic approach towards solving a crisis, the paper in its editorial says that Colombo should take a leaf out of New Delhi's experience to resolve the island's conflict via democratic means.

"Besides being a foremost regional power, India is our closest neighbour and the "world's largest democracy and besides the multiplicity of ties which we enjoy with India, experience has taught us that the country is of considerable importance when it comes to resolving our conflict by political means."

"…Western observers were deeply impressed by the quiet dignity with which Prime Minister Atal Bihari Vajpayee acknowledged the popular will, and even before the election commission had announced the results, decided to tender his resignation. This was democracy at its best," the Dawn says.

India's growth story just keeps getting better!

Wednesday, January 31, 2007

India's 'friendly' concern

Just when we began to believe that nuclear-armed rivals India and Pakistan finally struck bonhomie after decades of military confrontation and mistrust, a sully has been fired.

India's comments over spiralling violence in Balochistan have not gone down well with Pakistan, which calls its neighbour's concern as "unsolicited, unwise and unwarranted".

Calling the statement from New Delhi as "extremely ill-timed", Pakistan's leading dailies The News International and Dawn say, "The words used by the Indian foreign ministry about what is Pakistan's internal matter are shockingly provocative and come at a time when the two countries are seriously engaged in a constructive dialogue".

The Indian comment comes just after an agreement has been signed for the launch of a Nankana Sahib-Amritsar bus service and a new round of bilateral composite dialogue is supposed to start and the latest salvo may affect the initiatives.

"...Unless quick damage-control statements are issued from both sides, the third round of peace talks might be affected," the Daily Times said.

The comments have also forced the Pakistani media to contemplate why has India created a tempest at this juncture. Citing reasons, a strongly-worded editorial in Daily Times says, "...India has sensed the strength of the Baloch resistance to Islamabad's moves and thinks it right to make the noises that the Baloch rebels could read as signal to remain firm".

Already there are conspiracy theories in Pakistan about how India may be behind the trouble in Balochistan.
The former Chief of the Army staff General (Retd) Mirza Aslam Baig had said that United States in connivance with India has hatched a conspiracy for the creation of an independent state out of Balochistan and that a major centre espionage in the Panj Sher valley of Afghanistan is actively engaged on this conspiracy.

As for the question of the big brother being involved in the game, it is because it has been opposing the construction of Iranian gas pipeline and construction of Gwadar port.

Citing another reason, the Daily Times editorial further says, "...The other ominous interpretation would be that India, concerned over the prospect of the gas pipeline in the given conditions, has sent a sympathetic cautionary signal to Pakistan, expecting that Pakistan would not take it amiss".

The Iranian gas pipeline will pass through the troubled Baloch area and according to the interior minister Aftab Ahmed Khan Sherpao, there have already been eight attacks on the gas pipelines and in the latest act of sabotage in the restive Balochistan province, suspected rebels blew up a gas pipeline supplying a major power station.

The Daily Times editorial further asks, "Why should India be more concerned than Iran whose gas will flow through the pipeline and whose border abuts on Balochistan? Second, why couldn't India be more explicit about its 'friendly concern'?"

The media also sees this as India losing interest in the gas pipeline project. "...Balochistan is where the Iran-Pakistan-India gas pipeline will pass. Or is it that, despite its repeatedly expressed eagerness about it, India is beginning to lose interest in the project for some reasons," an editorial in The News International says.

Pakistan has made it clear that the action against tribals and nationalists, who are agitating for autonomy in the province, would continue till the 'writ' of the government is established there. It further asked India to mind its own business and solve its own internal conflicts first.

Meanwhile, India's reaction has raised eyebrows in the certain quarters of the country as well.

India's Former national security adviser Brajesh Mishra had said on Wednesday that Government was not right in commenting on the situation in Balochistan, terming it a "retrogressive step" in the current India-Pakistan relations.
"Are we trying to say that we support the people of Balochistan? And even if we do, should we tell it publicly?" Mishra asked.

In a poll conducted by South Asia asking surfers whether India has done the right thing, at least 59.46 per cent voted in India's favour and 37.84 per cent said no. The rest opted to stay calm.

Balochistan is an arid region located in the Iranian Plateau in Southwest Asia, between Iran, Pakistan and Afghanistan.

Pakistani Balohistan was conquered by the British Empire on October 1, 1887. In 1948, it became part of Pakistan. Since then, separatist groups in the province have engaged in limited but armed tribal uprisings.

Serious human rights crisis is brewing in the gas-rich province that is currently in the grip of an ethnic insurgency, with the Pakistani paramilitary forces reportedly carrying out a brutal crackdown on Baloch nationalists and even innocent civilians.

To conclude, the moral of the story for India is "Don't look at the speck in another's eye before moving the log from your own eye".

Celebrating the success of global Indian

The strength of the diaspora is the strength of India and the strength of India will be the greatest source of strength and safety for the global Indian family. - LM Singhvi

As the fourth Pravasi Bharatiya Divas closes in, the words of LM Singhvi still reverberate in our minds. The eventful day is not merely about the past and its problems or the present and its challenges...It's about our resolve to contribute to our common future.

It's the urge to dream together... a dream of a prosperous, developed and powerful India.

People at the helm of affairs seem to have kept that in mind.

With the Indian economy already on the bull run, PBD 2006 is designed to focus on business, investments and implementation of ideas that overseas Indians will bring to the table and celebrate the success of our brethren across the globe.

A key change in PBD 2006 is the direct involvement of state governments as stakeholders. Interactive sessions between the delegates and different state governments will create opportunities for investment and technical collaborations. The key sectors are health, education, infrastructure and real estate.


Millions of PIOs will be given Overseas Indian Citizenship that will help them to invest in land and property here.

The Ministry of Overseas Indian Affairs may unveil a policy on institutional partnerships with various apex industry bodies.

Another major initiative will be the launch of Indian disapora knowledge network in partnership with Nasscom.

The ministry plans to open a single-window investment cell to provide hassle-free environment for NRIs keen to invest in India.

The Government has also indicated that NRIs may get voting rights.

The journey has just begun and there is much we can do together a lot more to script a successful global Indian story.

To conclude in the words of Singhvi again, "The Indian diaspora is a rainbow, and my head soars with a fond aspiration when I behold the rainbow of India and Indians over the globe".

(For the Hindustan Times/PBD Special)