By- Er.Rajesh Pathak
Abolishing the former policy of government controlled ‘Agriculture commune' of outgoing Mao's government, Deng Xiaoping stepped out for privatization of production under his much acclaimed ‘Open door' policy. Freed from Marxist hangover, farmers were allowed to grow what they liked . And , so was granted the autonomy to industrialists to produce what they deemed suitable to their capacity , on the other side. Holding national as a last goal, he famously said – ‘ So long as the cat is hunting down the rat , it matters not whether it is black or white .' He paid the visit to US in 1979, and laid the foundation of four Special Economic Zones (SEZ) after having returned country . He took no time in working out new frame-work of policy to attract foreign investment. Then what, to have production from its factories US made China its refuge. For, the cheap labor that it wanted was there in plenty, and so was the land to raise the infrastructure for the industrial unit. Other countries, then, followed the suit. And now over 17 thousands of small and big private owned industries from different parts of the world are there in China .
New government of Modi, so also, wants not to be left behind from anybody, not China alone. And, what the report of Morgan Stanely which published few months back says that well reflects what government has resolved for the manufacturing scenario for new India. According to the report India saw ten big changes in economic sector in last ten years from 2013. Boost in supply side with the decrease in corporate tax ; and spike in infrastructure building, it underlines. Where national highways got to be double; so shot up from just 4.1 % to 42% , the electrification of the railways . The story of renewal energy is far more ambitious as it got to be over 100 gigawatt from just 25 gigawatt in 2013. Several other inspiring transformations it mentioned. Which in nut shell contributed the sentiments of MNCs being tilted in favor of India with respect to China, report claims.
