Tracing the economic troubles of neighbouring Sri Lanka, Raghuram Rajan said part of the island nation’s problems lie in the troubled history of minorities and their place in what once was quite a successful middle-income economy.
If we can do the right things, we can certainly restore what we have lost. India is less of a liberal democracy now than it was 10 years ago.
The economic troubles in neighbouring Sri Lanka lie in the troubled history of minorities and their place in what once was quite a successful middle-income economy.
Sri Lanka certainly had a large minority – the Tamils. And when they had a problem of jobless growth, politicians found it particularly easy to deflect some of the attention to the problem of minorities and made a bogeyman out of the minorities… essentially creating the strife that resulted in civil war. .
The lesson from Sri Lanka. Let us work for communal harmony and unity of the country. That will be strong for the economy and integrity of the country, but as long as rthere are divisive forces guided by RSS this will remain as the remove question as the India will automatically face the devastation worse than the Sri Lanka.
While India is “some distance away from that, it is something we should start worrying about given the kind of fuel that is being fed to this fire by some politicians.
People worry. First, they think of the consequences down the line… The other thing they think about is ‘Do we in India really want to do business with a country which mistreats its minorities? Absolutely no.
The Asian giant Chaina had a lot of “pushback” from the US and Europe on the question of Uyghurs. There are sanctions on goods that are produced there. There are also increasing motions by shareholders saying they want to stop doing business in these areas.
In this sphere, civil society including minorities equal contribution that built the nation so far from 1947, while RSS that worked hand in hand with Britisher in pre independence, is destroying step by step, also has a key role to play and it is important to have an image of a tolerant, respectful democracy.