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You need limited liability at larger scale and an official entity to get low interest loans, support and above the counter investor funding. These systems need

by napier 4y ago

You need limited liability at larger scale and an official entity to get low interest loans, support and above the counter investor funding. These systems need new company centred reform and redesign to remove friction causing elements like OP describes to enable Indian entrepreneurship to realise its untapped potential in India as well as overseas. The amount of bureaucracy left behind by the British and the layer upon layer of mindless inefficiency added since is stifling innovation, adaptation and growth like nothing else.

spaceman_2020 4y ago
What makes me pessimistic is the place bureaucrats still occupy in the social hierarchy. Even today, getting a government job carries tremendous prestige, especially outside urban areas. Becoming an IAS/IPS officer is the most prestigious thing you can do as an individual. Bureaucracy will remain obdurate as long as members of the bureaucracy are feted by society. Ideally, bureaucrats should be invisible. But in India, IAS/IPS officers make headlines regularly. I won't get even started about the sheer amount of man hours wasted in preparing for administrative exams. Statistically, less than 0.1% of the people preparing for IAS exams will actually be selected. The remaining 99.9% waste YEARS of their lives in this futile endeavor instead of actually building and learning. I remain bearish on India as long as the bureaucracy remains paramount.
- unmole 4y ago
  > Becoming an IAS/IPS officer is the most prestigious thing you can do as an individual. If you are in UP and Bihar. That's not true for the rest of the country.
  - llampx 4y ago
    Is that because of their geographical proximity to New Delhi, the capital?
    - unmole 4y ago
      No, it's because these states have fewer options.
  - spaceman_2020 4y ago
    True in Rajasthan and Madhya Pradesh as well (have lived there for years). Between these four states alone, we're talking about 40% of the country's population. If more than half of your country believes something, it can be said to be the majority opinion.
    - throwaway2037 4y ago
      You wrote: <<Between these four states alone, we're talking about 40% of the country's population.>> Google Sensei tells me: UP: 204.2M Bihar: 99.02M Rajasthan: 68.89M Madhya Pradesh: 73.34M Not even close to 40%. Population of India is about 1.3B to 1.4B.
      - spaceman_2020 4y ago
        Those numbers are way too old. Even by the 2011 census, UP was nearly 200M with a decadal growth rate of 20% in the previous decade. Bihar was 104M with a 25% growth rate. Even with more muted growth, current population would be 230M+ for UP and 125M+ for Bihar.
  - htoiweri23423 4y ago
    Not really. IAS folk make on the order of a $1M/pa with all their kickbacks. They often even get to send their kids to study in the West for "free" through "scholarships" (as a quid-pro-quo for compromising national interest). The demand is quite high (see marriage portals). IPS is one tier lower. Though, anyone who has studied the hallowed history of the former commission of Mumbai knows this is also not something to sneeze at.

by napier 4y ago

spaceman_2020 4y ago

What makes me pessimistic is the place bureaucrats still occupy in the social hierarchy. Even today, getting a government job carries tremendous prestige, especially outside urban areas. Becoming an IAS/IPS officer is the most prestigious thing you can do as an individual. Bureaucracy will remain obdurate as long as members of the bureaucracy are feted by society. Ideally, bureaucrats should be invisible. But in India, IAS/IPS officers make headlines regularly. I won't get even started about the sheer amount of man hours wasted in preparing for administrative exams. Statistically, less than 0.1% of the people preparing for IAS exams will actually be selected. The remaining 99.9% waste YEARS of their lives in this futile endeavor instead of actually building and learning. I remain bearish on India as long as the bureaucracy remains paramount.

unmole 4y ago
> Becoming an IAS/IPS officer is the most prestigious thing you can do as an individual. If you are in UP and Bihar. That's not true for the rest of the country.
- llampx 4y ago
  Is that because of their geographical proximity to New Delhi, the capital?
  - unmole 4y ago
    No, it's because these states have fewer options.
- spaceman_2020 4y ago
  True in Rajasthan and Madhya Pradesh as well (have lived there for years). Between these four states alone, we're talking about 40% of the country's population. If more than half of your country believes something, it can be said to be the majority opinion.
  - throwaway2037 4y ago
    You wrote: <<Between these four states alone, we're talking about 40% of the country's population.>> Google Sensei tells me: UP: 204.2M Bihar: 99.02M Rajasthan: 68.89M Madhya Pradesh: 73.34M Not even close to 40%. Population of India is about 1.3B to 1.4B.
    - spaceman_2020 4y ago
      Those numbers are way too old. Even by the 2011 census, UP was nearly 200M with a decadal growth rate of 20% in the previous decade. Bihar was 104M with a 25% growth rate. Even with more muted growth, current population would be 230M+ for UP and 125M+ for Bihar.
- htoiweri23423 4y ago
  Not really. IAS folk make on the order of a $1M/pa with all their kickbacks. They often even get to send their kids to study in the West for "free" through "scholarships" (as a quid-pro-quo for compromising national interest). The demand is quite high (see marriage portals). IPS is one tier lower. Though, anyone who has studied the hallowed history of the former commission of Mumbai knows this is also not something to sneeze at.