E (15:47)
Sorry, go ahead. Yeah, so perhaps it's the ferocious love for alliteration that I did not factor in. So what are the things that I actually was looking at, given the broad frame of it? And I do want to sort of come back to the specific question. But in terms of the economic trends, though, while India has been this big success story, the whole rise of India as a potential economic superpower, et cetera, et cetera, one of the interesting things that if you look at the data of the Indian growth performance in the last two decades is that the growth rates indeed have been very high. Okay, so something like 9% in the last decade as opposed to, you know, decades of very slow growth. What used to be called the Hindu rate of growth in a sarcastic way. So the sort of, you know, slow and steady and so on. But interestingly, poverty has not declined very much. Okay. And one of the key things that if you in the some of the euphoria of the sort of, you could say the sort of, you know, business press as well as, you know, is while the growth in the sort of formal sector, especially services, a lot of it is driven by, it has indeed been impressive. And there's no need to sort of be apologetic about some of the positive effects it has done and while also raising returns to education. So whether you go from the call center to the software developers, clearly there's been some of those aspirational effects that I think has changed some of the narratives of discourse. If you look at even coming back to the UP election, I'm going to come to some of the. So I think the development discourse, the whole idea about economic betterment, about somehow leaving the past behind of the caste and community, other kind of lines. So I think a narrative that has certainly emerged. But the reality of the economic scorecard is while the service sector growth and overall sort of the stock market boom, these are all real poverty alleviation has been kind of the achievements have been modest. They are not insignificant, but they're very modest. I will not bore you with statistics. But you know, one particular striking number that came to sort of my attention is that using the kind of World bank standardized dollar and eight cents a day, adjusting for various things, cutting line, the poverty in 1983 was 44%. 44% of the people were under the poverty line. In 2004, it was 27%. So that is indeed something to be sort of, you know, sort of positive about. But if you look at, even if you compute say twice this number, which is not a huge difference in the standard of living. So if you Instead if say $2.16 right now, 80% of India Indians would be below this line. And that hasn't fallen that much from 84 where it was 84%. Okay, so therefore there has been a decline indeed for the very poor. If you take this very sort of, you know, know, low line and so on. But coming back to sort of, you know, sort of, you know, now setting this background so there clearly, therefore there are two Indias. In fact, I was going to argue three Indias really going back to again the sort of the word ferocious that drove my sort of, you know, or whatever focus my mind the whole tribal area and the Maoist problem, for example, I'm going to argue that's the third India. So there is a service sector India that is really the India shining. And if I use some of the things that, you know, I would say critiques of this economic reforms and so on, if you call them the India drowning kind of, you know, sort of, you know, sort of, you know, characterization, I would certainly say that the, you know, the tribal population and the kind of violation of their sort of, you know, sort of, you know, taking away of property and, you know, the natural resources, forestry and so on. Dispossession has been quite extreme. But even in the middle groups, which you could argue that has not really grown very much, real wages in agriculture have not really gone very much and poverty has not declined significantly, the aspirational effects are very much there. And now coming more to the sort of up, I mean one of the things before up, I would say that Nitish Kumar of Bihar has really set a paradigm, which I think that again is too early to tell, but perhaps the UP model is also a harbinger of that. Nitish Kumar's sort of paradigm is really governance. And having actually done some work there and talking to various people, it actually seems that, you know, the people who are the politicians, the bureaucrats and even the people have bought into that narrative. Now obviously that doesn't mean that it doesn't fray on the edges and there are always counterexamples and so on. But on the other hand, even the bjp, which is an ally of Nitish Kumar, actually has had to turn down its sort of, you know, some of its divisive sectarian rhetoric in the campus campaigning and so on. So there clearly has been Muslim voters who have voted for this NDA alliance which, you know, which has BJP as the junior partner there. So coming to the Uttar Pradesh, I mean clearly there is an aspiration effect. There is an aspiration effect. People want good governance. People not just want money to be given. From sort of the above, it's more likely economic betterment. And that narrative has, if you even watch Bollywood films, that narrative I think sort of permeates a lot of the aspiration effects of the even you would say people who have not directly benefited from the liberalization yet, but they have feel they can make it now, the regional parties I think coming now to sort of, you know, really sort of, you know, that side of the question. What has happened is with this, all this economic growth, India's main political parties have been fairly centralized, hierarchical and as Patrick said, they have run by non meritocratic considerations, except for the CPM or the communists of the bjp, which you could say that they mainly being ideological parties, they have in that sense been a more equal opportunity. But that doesn't necessarily mean that they have any particularly good record to show for overall governance. But so in terms of some of the. So therefore the rise of the regional parties is really the rupture of the centralized hierarchical, vertical model of governance and development. And I think it's really something that even in the cpim, which got defeated in West Bengal very recently after ruling there for 30 years is really trying to sort of put down a centralized model of development and really not being sensitive enough to local considerations, not being participatory or democratic enough. So coming back to so therefore, I would say that in terms of economic policy, I think the rise of the regional parties in a certain way are an expression of, of democratic and more participatory sort of, you know, and that's the positive side of it. But on the negative side of it, though, there is a sense in which you're missing out on the common goals. So even, for example, the Singur factory, which turned out to be a flashpoint in the sort of, you know, conflict in West Bengal between the left front and the opposition party, if you really look at what happened there, a lot of these Indian states are now in a kind of rat's race to offer subsidies to various business houses. And that's where, being regional parties, in the language of US economists, you're not necessarily internalizing the externalities that you're imposing on others. And as a result, that could be a potential sort of problem here. And if you look at some of the rhetoric of this, including Nitish Kumar, I mean, most of the discussion is sort of while a lot of the discussion is about internal improvement, but, but a lot of it is that Bihar needs a special tax status. We need more sort of, you know, basically more resources from the center.