The last decade has been all about understanding risk and responsibility.Technology has empowered communities and taught them to dream and dare.The reformers’ biggest failure has been in the area of basic education. India has already cornered a 1.2 per cent share of the global services Trade.From the official rate of 17.94 in 1990-91, the rupee is now at 47 to the dollarOnly two PSUS have been sold till date and twenty-seven put on the block.Ncaer says 60 per cent of detergent consumed is in the rural and semi-urban areas. Since 1993, FIIs have invested close to $11.3 billion in the stockmarkets.Reforms fed off federalism—a weaker centre and stronger states.Less than one per cent of gdp goes to public healthcare, three per cent to education.The transaction cost with government is pegged at 3-5% of project cost.Political expediency has meant that most of the vital reforms are still undone.Farm productivity has been stagnant since 1995, fuelling migration to the cities.
