Atanu Dey on India’s Development

The April 12th, 2008 Wall Street Journal has an article, “The Rise of the Mega Region” (Hat tip Pankaj Kumar) which argues that rather than entire countries, the proper unit of analysis in the context of economic growth and competitiveness should be the mega-regions.

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19 cities of the world with
20 million people in the
21st century
See 19.20.21 for a quick overview of the defining megatrend of the 21st century: the rise of supercities.
In the year 1800, less than 3% of the world lived in cities. Most people lived their entire lives without ever seeing one.
In 1900, 150 million […]

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Golf, not Chess
Economic growth in a sense, and to a much larger extent economic development, is more akin to a game of golf than a game of chess. In golf, the opponent’s moves matter very little; you may as well play by yourself and later compare scores if needed. In chess, your move depends on […]

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“Can India Afford its Villages?” is the title of an opinion piece in today’s livemint.com (a joint HT and WSJ newspaper). The subtext says, “The answer to the problems of our rural economy paradoxically lies in urban development.” If you have been reading this blog for a bit, you would immediately suspect that I wrote […]

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Well, well, what do you know! Just as I had finished a series on why India needs to have cities for its economic growth and therefore development (see the last post in the series, Make No Little Plans), my friend Alok pointed me to a Scientific American report dated 17th April by Nikhil Swaminathan titled […]

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Think Big
There is something in the nature of the world that it is sometimes paradoxically more difficult to make small changes than to make big ones. Logically consistent big changes are more likely to succeed because of the interconnectedness of the world.

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Flashback (Part 2)
“It began with a simple realization that no one is as smart as we are. That is, a collection of very smart people is smarter than any one person however smart. Experts and expertise matters, and therefore amateurs and novices cannot be as good in figuring out the choices that confronted them. The […]

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Flashback
The year is 2020. For nearly 12 years, India has seen an average annual GDP growth rate of over 12 percent more than quadrupling the per capita GDP from US$500 in 2008 to $2000, placing India in the league of middle-income economies. Stark poverty is a thing of the past. In much less than a […]

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“Pune DeCi” is a designer city started in 2010 and completed by 2016. Just 30 kilometers outside the old city of Pune, about 100 square kilometers of land was acquired. The government of Maharashtra, the state where Pune is located, was a partner in the “Pune DeCi Development Authority” and had a stake of 20 […]

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When I first moved to the US, I was struck by the phenomenon of shopping malls located far away from the city, about an hour along some highway. Land, it occurred to me, was cheap outside the city and what they did was to build these huge malls that were in some sense islands of […]

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Sramana Mitra looks beyond Bangalore. She writes:

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Cities are engines of growth because they “manufacture” wealth. That is why rich economies are predominantly urban, and those economies that are largely rural are poor. Therefore the transition from a poor economy to a rich one depends on the transition of the majority of the population from being rural to urban. The scale and […]

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“If you believe that the money exists for building amazing futuristic cities in India, you must be certifiably insane.” That is the standard reaction to my scheme for building 600 cities for the 700 million Indians currently trapped in 600,000 villages. Where will the money come from? My answer is simple: out of thin air. […]

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Planning is uniquely human. Planning shapes not just human institutions and artifacts but indeed creates the future that is unknown and unknowable. Granted, the best laid schemes of mice and men, often go awry, as the poet lamented. When it comes to central planning, or planning by an all-powerful government bureaucracy, you can say that […]

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Creating a compelling vision which has the power to inspire is the first step to economic growth and therefore towards development. We have to imagine the future state first before we can make it a reality. Imagine that instead of 600,000 tiny villages, the same 700 million people were living and working in cities. Imagine […]

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Isn’t it astonishing that 2,600 years ago, when most of the world was living in tiny little human settlements, the Indus Valley civilization had well-planned cities of Harappa and Mohenjodaro?
“Some of these cities appear to have been built based on a well-developed plan. The streets of major cities such as Mohenjo-daro and Harappa were […]

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Here is the slide set I used at ISB on the 9th of March. The background reading material starts off with “Inclusive Economic Growth.”

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Two fish were swimming along a stream when they come upon a third fish which remarks, “The water is absolutely fine today.” The two carry on without a reply. Later upstream one of them says to the other, “What the heck is water?”
Talking fish is not the point of the little story, of course. […]

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Economic growth is an imperative if the widely discussed goal of development has to be achieved by India. There are a number of well-known causative factors that lead to economic growth. Among them are an educated and healthy population, reliable and adequate infrastructure, a free and fair market-driven economy, and the availability of public goods […]

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Where there be challenges, there be opportunities. That is a mantra well-known to every entrepreneur. That immediately implies that India is truly the Land of Unlimited Opportunities. The challenges have been created by a persistent attachment to a certain way of thinking and doing. As Einstein astutely noted, the significant problems we face cannot be […]

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