Former Chief Economic Adviser, Arvind Subramaniam on why Modi govt’s favoured treatment of its cronies (read Adani & Ambani) is driving away investment in India
I recently spent 2 weeks in China.
6 cities: Shanghai, Beijing, Xi’an, Zhangjiajie, Chongqing and Chengdu.
I went there with curiosity.
Like many Indians, I had heard a lot about China through media, social media and conversations. I expected to see progress, maybe discover some business ideas, and understand what the country is actually building.
I came back with a very uncomfortable feeling.
Not because I found a business idea for myself.
But because I saw 100 things that governments can do when infrastructure, tourism, transport, urban planning and civic systems are treated seriously.
I travelled within China by flights, trains, cars and local transport. The infrastructure was honestly stunning.
Clean cities. Smooth roads. High-speed trains. Well-managed traffic. Public spaces that actually feel designed for people. Tourist destinations that are built, maintained and promoted like national assets.
And then I kept thinking about India.
We keep comparing ourselves to China. Our media keeps telling us how India is catching up, how China is restrictive, how we are better in so many ways.
After spending time there and speaking to people, I realised how much of that narrative is just comfort food.
China is not perfect. No country is.
But on infrastructure, execution, tourism, civic discipline and quality of urban life, they are not 5 years ahead of us.
They are decades ahead.
The saddest part for me was the currency.
Everything felt expensive. Not because China was insanely expensive, but because the rupee has weakened so much that even normal spending starts feeling heavy. As an Indian taxpayer, that genuinely hurt.
We pay taxes. We work hard. We talk about becoming a global power.
But where is the quality of life?
Where is the civic sense?
Where is the infrastructure that makes daily life easier?
Where is the tourism vision beyond religious tourism?
I met travellers from other countries who were excited to visit China because they wanted to see its progress. When I asked about India, many had no real desire to visit. Not out of hate. India simply was not on their aspirational travel list.
That should bother us.
Even the so-called “closed internet” surprised me. We are told people there are missing out because they don’t use Google, Instagram, WhatsApp or Facebook.
But China has built its own digital ecosystem. Payments, maps, transport, messaging, shopping, everything works inside their own infrastructure. People did not seem to feel deprived. They seemed adapted.
Again, this is not a hate post.
I love India. That is exactly why this trip bothered me.
Patriotism cannot only be about saying we are great.
Real patriotism is having the courage to admit where we are falling behind.
China made me realise one thing very clearly:
India’s potential is not the problem.
Execution is.
And unless we stop comforting ourselves with comparisons and start demanding better infrastructure, better governance, better tourism, cleaner cities and a higher quality of life, we will keep celebrating the idea of progress instead of actually living it.
@dmuthuk He thought it is going to be quick one and done before spring. Now, it is dragging longer than anticipated and it is spring time and his fellow golfers playing in the golf course, he has to sit in the white house :(
While the US infuriates the world in Iran, China is using this moment to burnish its reputation and build its power.
Beijing is playing the long game.
My take:
POTUS is laying out two courses of action—a negotiated settlement, or a major escalation.
There is a third option, and he should take it: recognize there is no way to force a positive outcome and simply leave.
The region is not ours to fix. President Reagan chose this path in Lebanon in ‘84, withdrawing U.S. forces after the Beirut barracks bombing once it became clear the mission’s stabilization goals could not be met, effectively ending direct American military involvement and avoiding a deeper quagmire and long-term entrenchment in the region.
A negotiated settlement is unlikely to work or be taken seriously by the Iranians unless we make concessions on the enrichment issue. As we saw yesterday in the SOH, the IRGC is empowered to act without the consent of the civilian leadership, so it’s likely they won’t honor any deal reached.
A major escalation will lead to a very destructive outcome for Iran, the region, and eventually the U.S. If POTUS chooses brute force and targets civilian infrastructure, we will create another generation of radicalized Iranians who will rally around the regime and escalate the war by any means possible.
If POTUS opts to strike the civilian infrastructure, declare victory, and then leave, we will only further erode our standing in the world, the petrodollar, and eventually our status as the world’s reserve currency holder. We need to get out now.
Don’t double down on failure. Avoid the sunken cost trap, leave now, and put America’s interests first.
US population grew 6% in the last decade.
Federal spending grew 40%, inflation adjusted.
Not as bad as California, but you have to ask - where did all the money go?
A Professor Explained SCIENCE to Students:
1. You see something fall and say, “Things fall down.”
That’s Observation.
2. You repeat it many times and notice a pattern.
That’s Experimentation.
3. You say, “Objects fall because of gravity.”
That’s a Hypothesis.
4. You test it again, measure it, publish it, and others verify it.
That’s a Scientific Theory.
5. Someone else disproves part of it with better data.
That’s Scientific Progress.
@ijnani@Sahanasatianaat To check, why don't you split it into two piles and one with stem and other one without it and let's know your findings as well :)