Hardly a time to celebrate

Deepawali is almost here. The pompous festival of wealth and prosperity, which forces even the poorest of the poor to give a token service to goddess Lakshmi in lieu of happiness in the future, brings with itself scenes of jubilation and rejoice. Masses throng to banks and jewelers in hordes and a shopping frenzy grips the entire nation. Like every diwali, this too shall pass. The after-effects of 3 days of gluttonous celebrations will be felt by a few, but the country will go back to normal very soon. Except that this might not be the best time to let laissez faire get in our way of pondering over where exactly India stands right now. 

In terms of polity, fractures abound in the ruling and the opposition camp. Team Anna has severely dented the chances of the UPA, with the most recent bypoll rout suggesting that the public has had enough of its tardy response to corruption. The prime minister has firmly retrenched himself to the background, and all promises of being 'more communicative' to the nation in future appear shallow. The two senior-most ministers are engaged in a power struggle of sorts, and it almost appears like the UPA II is just hoping to making it to the finish line at this time, even though that appears to become harder every passing day. Achievements like the world's cheapest tablet 'Aakash', developed specifically to aid India's growing advancement in IT by rearing a new generation of internet-savvy youth, are outnumbered by blunders like the still tied-up defense procurement issues as well the Air India saga. Not to mention that the hyper-active HRD minister is all set to toy with perhaps the last remaining indigenous brands, the IITs. On the opposition side, an octogenarian is visiting parts of the country exposing the ruling coalition's dubious record on corruption, when two of BJP's own chief ministers were recently fired from their jobs on corruption charges. Talk about charity beginning at home! 

The issues which plague our country's economic development are getting severe every passing day. FDI inflows have sunk to unimaginable lows, inflation is showing no signs of easing, and petrol is actually costlier than liquor. The power sector is reeling under the unintentionally comical tug-of-war between the competing ministries. The incendiary T-issue is raging again, with AP bearing the brunt of the central government's dilly-dallying on the issue. Investor confidence is understandably at a low, and why should it not be? Policy paralysis is the graveyard of business expansion. None of these issues are unmanageable, unless the government chooses to overlook the glaring omissions in it's list of priorities. As the aspirational nature of India's youth firmly establishes itself to the forefront, the political class will have to answer sooner or later. One can only imagine that true bliss is around the corner. 

PS: It is not as if we have nothing to look forward to. The inaugural Indian grand prix is only a fortnight away. Here's the interactive track map in the words of Mark Webber himself.