Mihir S. Sharma Quotes

The main goal of the regulatory policy has been to control the size of Mumbai by penalizing any new development, fearing that economic success would attract more people.’ Yes, we have deliberately planned for our cities to fail. That has been our intent. If they succeed, then more people would move there, ‘who would have to share an already deficient and immutable infrastructure’. Bertaud concludes: ‘This is a very pessimistic view of urban development.' An understatement, so classically French!

13 million Indians will join the workforce every year from now till 2030. They know their prospects aren’t good. Here’s why: in the years from 1972 to 1983—not celebrated as a time of overwhelming prosperity—the total number of jobs in the economy nevertheless grew 2.3 per cent a year. In the years between liberalization in 1991 and today, jobs have grown at an average of only 1.6 per cent a year. But, if these young people have to be absorbed, then jobs must grow at least 3 per cent a year—almost twice the rate at which they have since liberalization. This is simply not happening. In other words, one out of every two youngsters who starts looking for a job next year won’t find one.