We often hear of complaints of trade handicaps. In crony capitalism, success in business depends on close relationships between business people and government officials. Austere living and pulsating urge for work combined with the spirit of true nationalism must become the hallmark of our character.
Therefore, the policy prescription that emanates from the discussion is that we must step up our efforts to tackle the problem of poverty, inequality and marginalization on the one hand and on the other hand work towards attitudinal changes through education and publicizing as role models the icons of ancient, medieval and modern India who are apostles of great values and morality.
The battle with Indian crisis is therefore multipronged.
There is an old debate that people are backward, because of their inherent moral inferiority or genetic inferiority. Secondly we must also agree that moral crisis also exists without economic underpinnings in India. In the popular mind, the media, and politics, however, it was Keynes who held sway, with his claim that the depression was the fault of the market, and that it can only be solved through government planning.
It is not always easy to segregate moral crisis from economic crisis. The country pays through the nose but it fails to reap the corresponding benefits. The people in the culture of poverty have a strong feeling of marginality, of helplessness, of dependency, of not belonging.
We do not care about the means we adopt because we want to get success in our pursuits faster and faster. There is a close relation between marginalization and moral crisis. What could be the plausible explanation of these trends, this mindset? There are many aberrations in Indian life which emanate from moral crisis.
In no case, however, any behavior which is anti social or anti national can be justified. But the self prevailed upon the concern for the nation.
It is therefore, apt to say that moral crisis of modern times have their seeds in economic crisis.
We may pat our back on the basis of the tainted fact that we have reduced the percentage of those living below the poverty line. We have a foreign debt burden of lakhs of corers of rupees which is mounting up further with every successive dose of borrowing from abroad.
The people of India have passionately wanted to reverse the adversities bred by economic and political suppression over the past so many centuries.As can be seen after the economic crisis, India’s deficit indicators have moved northwards.
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