PLEDGE NOW
Modern India: Big Growth, Big Problems

India, once a roaring Asian tiger, hits a wall of corruption and poverty.  What’s the way forward now for India and other emerging economies?

Indians protest asking the government to ban the import of gold, in Bangalore, India, Saturday, Sept. 7, 2013 as India's new central bank chief Raghuran Rajan announced measures to boost confidence as the troubled Indian economy slows and the currency tumbles. (AP)

Indians protest asking the government to ban the import of gold, in Bangalore, India, Saturday, Sept. 7, 2013 as India’s new central bank chief Raghuran Rajan announced measures to boost confidence as the troubled Indian economy slows and the currency tumbles. (AP)

For years, the buzzy news out of India was all about growth and wealth and economic sizzle.  India as big Asian tiger, shining star, out-sourcing empire, blazing up-and-comer.  It was never so simple of course.  Remember Slumdog Millionaire?  But it was sizzling.  And now it’s not.  India has tumbled into a growth slump, and a bigger slump of division and self-examination.  On corruption, poverty, inequality, its treatment of women.  On how many of its billion-plus are really succeeding.  Up next On Point:  big questions on “the rise of the rest” in India.

- Tom Ashbrook

Guests

Adam Roberts, South Asia Bureau Chief for The Economist and a contributor to the magazine’s Banyan column. (@ARobertsjourno)

Anand Giridharadas, columnist for The New York Times and author of “India Calling: An Intimate Portrait of a Nation’s Remaking.” (@AnandWrites)

Arvind Subramanian, Senior Fellow at the Peterson Institute for International Economics and at the Center for Global Development and author of “Eclipse: Living in the Shadow of China’s Economic Dominance.” Listed as one of Foreign Policy’s ‘Top 100 Global Thinkers‘ in 2011. (@arvindsubraman)

From Tom’s Reading List

New York Times: Why India’s Economy is Stumbling — “To some extent, India has been just another victim of the ebb and flow of global finance, which it embraced too enthusiastically. The threat (or promise) of tighter monetary policies at the Federal Reserve and a resurgent American economy threaten to suck capital, and economic dynamism, out of many emerging-market economies. But India’s problems have deep and stubborn origins of the country’s own making”

The Economist: How India Got Its Funk — “Not so long ago India was celebrated as an economic miracle. In 2008 Manmohan Singh, the prime minister, said growth of 8-9% was India’s new cruising speed. He even predicted the end of the “chronic poverty, ignorance and disease, which has been the fate of millions of our countrymen for centuries”. Today he admits the outlook is difficult. The rupee has tumbled by 13% in three months. The stockmarket is down by a quarter in dollar terms. Borrowing rates are at levels last seen after Lehman Brothers’ demise. Bank shares have sunk.”

Next City: Waving or Drowning? The Battle for Chennai’s Vanishing Waterways –“In the name of “eco-restoration,” slum residents are being evicted from the banks of the Cooum and from public lands owned by the city’s water utility, and resettled far from job opportunities. In reality, they are simply making way for a global gentrifier’s work-playground – the very sort of real estate development that experts agree is the gravest culprit behind the city’s water scarcity. Even as more Chennai residents turn to private and off-the-books vendors for drinking water, Chennai is undertaking massive, costly infrastructure projects to bring in water – one more element of its bid to be a highly competitive world-class city.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Jul 31, 2015
Former University of Cincinnati police officer Ray Tensing, second from left, appears before Judge Megan Shanahan at Hamilton County Courthouse for his arraignment in the shooting death of motorist Samuel DuBose, Thursday, July 30, 2015, in Cincinnati. Tensing pleaded not guilty to charges of murder and involuntary manslaughter. (AP)

A new police murder charge and a black man dead in Ohio. Iran Deal heat and Huckabee. Malaysia Air. Our weekly news roundtable goes behind the headlines.

Jul 31, 2015
In this undated photo provided by the Wildlife Conservation Research Unit, Cecil the lion rests in Hwange National Park, in Hwange, Zimbabwe. Two Zimbabweans arrested for illegally hunting a lion appeared in court Wednesday, July 29, 2015. (AP)

Canned lion hunts and the fate of big game in Africa, after the outrage over Cecil.

RECENT
SHOWS
Jul 30, 2015
Conan O'Brien speaks at the 43rd AFI Lifetime Achievement Award Tribute Gala at the Dolby Theatre on Thursday, June 4, 2015, in Los Angeles.  (AP)

Who owns jokes? Seriously. In the age of social media, the lines are murky.

 
Jul 30, 2015
Shereef Bishay, co-founder of Dev Bootcamp, center, talks with student Ryan Guerrettaz during a class at Dev Bootcamp in San Francisco, Tuesday, April 2, 2013. Dev Bootcamp is one of a new breed of computer-programming schools that’s proliferating in San Francisco and other U.S. tech hubs. These “hacker boot camps” promise to teach students how to write code in two or three months and help them get hired as web developers, with starting salaries between $80,000 and $100,000, often within days or weeks of graduation. (AP)

From barista to tech wiz. Computer coding boot camps are hot. Vaulting their graduates in just months into high-paying jobs. We’ll look at the surge.

On Point Blog
On Point Blog
Our Week In The Web: July 31, 2015
Friday, Jul 31, 2015

A regular reminder that RTs are not endorsements, links have specific authorship and patience is a virtue.

More »
Comment
 
Q & A: Scott Walker On The Iran Deal, Huckabee Comments
Monday, Jul 27, 2015

Wisconsin Gov. Scott Walker explains his opposition to the Iran Deal, his record of statewide electoral victory and why he feels he’s set to win the 2016 Republican Presidential nomination.

More »
Comment
 
Q & A: Carly Fiorina On Trump, Sexism, And Being Cut From The GOP Debate
Monday, Jul 27, 2015

Republican Presidential Candidate Carly Fiorina, the former CEO of computer giant Hewlett-Packard, joined guest host John Harwood to talk Donald Trump, the upcoming Republican candidate debate and sexism in modern life.

More »
Comment