Sunday, January 13, 2008

A turning point

This could very well be the fall of Berlin Wall event for India. Or it could just be yet another great disappointment in the making.

Mayawati, chief minister of India's most populous as well as underdeveloped state, announced a few weeks ago her intention to get a mega expressway built along the breadth of the state. Called Ganga Expressway the project seems to be moving very fast with bids expected soon.

Why this sudden change of heart towards real development ? Is this another lang grab scheme clothed as a development project ? One can only hope that this is a turning point. If other states follow along the same lines, announcing and implementing such ambitious projects without delay, India could really grow spectacularly over the next few years.

A good road network is what India lacks. An high impact highway like this one has the potential to accelerate growth. A handful of such road networks can lift national growth by a few points. Maybe India can achieve long term double digit growth after all ?

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