Vels IMCT Presentation

7/31/2019 Vels IMCT Presentation

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What was India?From an adversarys mouth

I have travelled across the length and breadth of India and I have notseen one person who is a beggar, who is a thief. Such wealth I haveseen in this country, such high moral values, people of such calibre,that I do not think we would ever conquer this country, unless we breakthe very backbone of this nation, which is her spiritual and culturalheritage, and, therefore, I propose that we replace her old and ancienteducation system, her culture, for if the Indians think that all that isforeign and English is good and greater than their own, they will losetheir self-esteem, their native self culture and they will become what

we

want them, a truly dominated nation.

-Thomas McCaulay in his speech of Feb. 2 1835, British Parliament.


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The Real India

Families and communities play avital role in the economicdevelopment of India

Family is the core of Indias

economy,society,culture,religionand spirituality .

The West has destroyed Family

system at the altar ofIndividualism. 99.0% of the economy controlled

and driven by families.


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Role of education in performing India-Findings of theTask Force on Employment Generation headed by Dr.Ahluwalia

Unemployment rate:

0.2% among illiterates

1.2% among those studied uptoPrimary school

3.3% upto Middle school

7.8% upto Higher secondaryschool

8.8% among graduates

11.2% among post-graduates

Higher the education one has,more he becomesunemployed andunempolyable

Higher literacy rate meanshigher unemployment forthe state

In High-literacy states,theunemployment rate:

Kerala 20.77%,TN -12.05%,West Bengal 14.95

In low-literacy states,theunemployment rate: Rajasthan

3.06%,Himachal 2.96%,UP-4.27%

Macaulay mechanismreally works,still


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Risk Rises with Education

Jayaprakash Narayan says in hisForeword to Dharampal's book onCivil disobedience "EducatedIndians since independence in thename of modernization ran down mostthings Indian. Such self-flagellation is

not conducive to development ofpsychological drives that are essentialfor nation building.


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Time proves many things wrong

Max Weber ridiculed the religious and social foundations ofIndia for its under-development in his work The protestant ethicand spirit of capitalism. Said Hindu values and caste systemare impediments to growth.

Karl Marx had in his essay on India that was published in the

New York Harold Tribune on June 25, 1853, this to say about

Hindu-Indian religions: So, the Western, Anglo-Saxonconclusions about Indian socio-economic model seemswrong; the Indian socio-economic model promotes

spontaneous sociability or social capital.But the Indianchildren of Marx (Communists) would not accept as it glorifiesIndian traditional system.

W M


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ow Western Mo e wor s S.Gurumurthy

Atomise the individual[ decouple man andwoman by individualism]

Dismember families [ and orphan the children] Nationalise families and their functions [ law

and social security]

Privatise the state and its functions And finally, globalise the corporates Entire process of social evolution put on

reverse gear and the harmony between the

individual, family and community and the largersociety inter se and between the society andthe state on the other is disturbed

West works in Creative Destruction mode all

the time.


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Cause and Effect in Economics The larger objects and goals of life are conditioned and set

by Religious values.

The objects or goals of life [which partly lie in the culture,traditions, and belief systems of the people] decide the wayof living and model

The chosen way of living decides the life style and comforts

The life-style largely determines inter-relationships, habits,

tastes; The inter-relationships, habits and tastes influence

consumption and savings; sustainable consumption withinincome and leveraged consumption beyond income;savings in safe modes and savings in risky modes;

The result is this micro economics impacts on macroeconomy.

While a mix of social, religious, cultural and civilizationelements influence the economic behaviour of the individual,the collectivised individual behaviour converges the microeconomics with the macro.


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Economic Activity Western Model Indian/Asian Model

Micro-economic behaviour Individualistic Family-community integral

Personal Savings Low High

Safe savings

Banks etc Low High

Risk Savings -- equity High Low

Consumption High Balanced

Leveraged consumption High Low/very low/Nil

Consumption drive Consumer confidence Purchasing power


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Macro-Economic

BehaviourWestern Model Indian/Asian Model

Household Savings Low High/adequate

Corporate Savings High Comparatively Low

Risk capital formation High Low

Stock market role/habits High Low/Moderate

Main economic drive Consumption Balance betweenconsumption, savings and

investment

Social security Largely funded/state run Large Private/family

Interest rates Generally Low Generally High

External Debts High Low/moderate


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Social consequences Western Model Indian Model

Family Eroded Stable

Community relations undermined valued

Relations with State

Level of Trust

High dependence on state

Low level of trust amidst

the society members and

hence dependence of

legal and contractual

bondage is high.

Moderate dependence on

state

High level of trust

amongst the society and

hence formal institutions

and mechanisms are not

much required.


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Indian View of Individualism

Religion was never and will never be an

individual choice in India.

Samaja (Society) dharma, and Kuladharma. It is only in the residuary area

of Vyakti dharma or the individuals

domain that he can have his choices.This is what he calls as parakramavad.


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Fundamental differences The concept in Hinduism is that man and woman

complement each other to become full. Conceptof Ardha Nari-Nareswar. Woman is thefulcrum of the Indian Society, Community andFamily.

Women are treated as secular objects andcreated for enjoyment of men like othermaterial objects.

Indian System works on Duty-based society,West works on right based approach. e.g.Fatheris duty bound raise the Child in the best wayand it is the duty of the Son to obey and take

of parents.

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