India will shine

The position/rank for India among 183 countries from which the of result of survey carried out for year 2012 are as follows:-

1. Economic freedom index 123

2. Starting business 166

3. Ease of getting construction permission 181

4. Doing business 182

Also the FDI share in total investment is 2% compared with total investment of 35% of GDP.

The above analysis shows that what we need is clear cut decisions on governance. In order to have a robust growth of 10% year on year basis, the policies and transparency are all what we needed. These are the problems. Now let us move to solution part.

Starting business in country like India is tougher task because of political interference, licences and permissions required. Why don't we have a clear set of framework to obtained permissions? We must have all process of governance online, well defined and time bound. The kind of time limit I have seen while issuing the measurement certificate from city survey officer was 6 months for normal works. Why this 6 months of time are required to issue the certificate when it is issued within 24 hours of application if high profile person intervened. Does it means the normal person "aam admi" should wait for 6 months. It can also break down by not only deploying more resources but breaking the monopoly of single issuing officer. In my earlier blog also I advocated the multiple authorities to do the governance with some skillet freely trained by the authorities. e.g. If we train the principal of school for same and put incentives 50% of received fees from the applicants the problem will get easily solved. Also the kind of competition will make the city survey office more competent. Another group will sue me for asking why I have chosen the principal and not a bank manager.its just to give a simple example that interchangeability of jobs will have more versatility and excitement refraining it from becoming cumbersome. Keeping a regulator for streamlining the governance is need of hour.

Second emphasis is on judicial reforms. In one recent judgement of Nagpur high court a banker reveled innocent and CBI get warning for submitting wrong case in 1981 amounting 4000/- Rs mismanagement. Means a delay of 32 years, for a sum of Rs.4000/- meanwhile, 34 judges get transferred and the person/victim have suffered for 32 years. There are 74% cases amounting less than 4000 Rs scandals and are pending from 1970. Why don't we act on them? It is need of hour to set more courts and set time limit for each case. Will we ask our law ministry for it..?