Read this nostalgia soaked piece:
http://www.telegraphindia.com/1100104/jsp/opinion/story_11935106.jsp
Showing posts with label Railways. Show all posts
Showing posts with label Railways. Show all posts
Tuesday, January 12, 2010
Saturday, February 28, 2009
The Indian Railway King
Here is a link on rather longish piece on Shri Lalu Prasad Yadav http://www.american.com/archive/2009/the-indian-railway-king
Some extracts:
Under his leadership, Indian Railways has gone from bankruptcy to billions in just a few years. When Lalu presented his latest budget to Parliament on February 13, he bragged, "Hathi ko cheetah bana diya" ("I have turned an elephant into a cheetah").
Lalu mismanaged Patna terribly. So how has he managed a gargantuan state organ so well that students from Kellogg and Wharton are taking notice?
Part of the answer lies in India’s recent economic growth spurt: Lalu stood on the shoulders of an economy that never grew by less than 6 percent per year during his whole tenure as railways minister. (India’s economy has slowed considerably since the global downturn began.) With a boom like that to fuel demand, how could he fail? All he had to do was sit back and let the market propel him forward.
The other half of the explanation, though, seems to be a simple case of democracy and markets working.
Some extracts:
Under his leadership, Indian Railways has gone from bankruptcy to billions in just a few years. When Lalu presented his latest budget to Parliament on February 13, he bragged, "Hathi ko cheetah bana diya" ("I have turned an elephant into a cheetah").
Lalu mismanaged Patna terribly. So how has he managed a gargantuan state organ so well that students from Kellogg and Wharton are taking notice?
Part of the answer lies in India’s recent economic growth spurt: Lalu stood on the shoulders of an economy that never grew by less than 6 percent per year during his whole tenure as railways minister. (India’s economy has slowed considerably since the global downturn began.) With a boom like that to fuel demand, how could he fail? All he had to do was sit back and let the market propel him forward.
The other half of the explanation, though, seems to be a simple case of democracy and markets working.
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