THE GLOBAL economy is going through a churn. Authoritarian governments are rising on all continents.
Globalisation of trade has stalled. Geo-political tensions are increasing. Amidst these gathering storms, what shape should the Indian economy and democracy take? India must become a more just, more
inclusive, more sustainable and more economically vibrant society. India must be a beacon of hope. For this vision to be realised, institutions will have to be reformed: institutions of democracy, as well as market-capitalist institutions of the economy.
An inclusive democracy
In this vision of India, democracy will become deep and will become inclusive. Democratic governments are expected to be Governments Of the People, For the People, and By the People.
We have the largest electoral democracy in the world. We conduct elections on a scale that no other country does. Our governments are elected by the people. Therefore, we have governments Of the people in our states and at the national level.
People want their governments to be For the people too. Indians are protesting that their governments are not accountable to the people. They are demanding transparency. They want to know what was done with the money that was supposed to be spent to improve public services and public infrastructure. This is the core demand of the anti-corruption movements. Therefore, governance reforms to make governments accountable to citizens have become imperative.
Deep democracy is Government By the People. A democracy where citizenship is not merely the right to vote members of Assemblies. But a democracy in which citizenship is also the active management by people of their own affairs in their communities and local bodies. Not an election time democracy, but a deliberative democracy in which citizenship is the right to understand the rules, and to shape the rules by which society governs itself.
Denne historien er fra December 26,2016-utgaven av Businessworld.
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Denne historien er fra December 26,2016-utgaven av Businessworld.
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MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.