There you go! Mr. Barack Obama is in town in what appears to be a visit by a salesman, and some media reports claim that some 400 plus CEOs are part of the president’s entourage.
Here is an interesting perspective in The Economist.
Wow, what a full circle we have come, with respect to the global economic landscape? There were days when every occasional visit by a head of a Western Nation to India would be measured in terms of how big an aid cheque they would be willing to sign in favor of India.
Now, the first symbolic victory of Obama’s trip is proclaimed in the form of some 54,000 jobs he created for his own people back home and the $10 billion worth of contracts signed with Indian firms, within the first few hours of his trip.
The beggar’s bowl has definitely changed hands!
Every statesman happens to be a politician as well and no wonder, the almost lame duck president Obama has to play the politician’s role more, given the current political scenario back home and the 3 main things in his agenda are Jobs, Jobs and Jobs!
Irrespective of the economics and politics around the visit – three things stand out.
First, the politics of terror – what the Indian media and people expect is for Mr. Obama to reign in on the bad boy next door. This reminds me of how and when a principal makes a trip to the class, the meek, yet timid frontbencher would complain about the unruly bully sitting next to him. What he would love to see is the bully get a caning or two from the principal. Unfortunately, the master himself is caught perplexed on how to fix the bully.
Second, market economics – what can we buy from the US in 2010? Obviously, the American firms are eyeing the hefty defence and energy budget that is up for grabs. Fighter planes, passenger aircrafts, discarded arms and equipments, poisonous and genetically altered seeds from Monsanto or Cargil, failed automobile models from GM and Ford, junk food from Pepsi and Coke.
Worst of all opening up the Indian market space for the US Banks and Insurance firms, whose greedy creations almost brought the world to the brink of financial doomsday!
Anything that they can sell in the weak legal framework available here, that reduces their civil and criminal liability. Anything that will entice the 300 million middle class to spend or rather lead them to the same debt trap as many of the failed economies around the world.
Not to discard the innovative spirit of the Americans, but instead why not get technology transfers and investments that would benefit a growing nation and its billion people? We as a nation waste more than what we consume. Sounds atrocious, especially when millions cannot even afford a full meal a day. Why not share technologies and innovation in food processing, storage, logistics and distribution?
Technology that helps our farmers to be more productive, technology that helps us improve our sanitation and basic healthcare standards, technology that helps us lay roads that won’t disappear during every rain, innovation in the field of education, entrepreneurship?
But, as Calvin Coolidge, the 30th US President once put it – “The business of America is business!”
Third – call it symbolism. But, how many of us really knew Mani Bhavan in Mumbai? Thanks to his reverence to Bapu, amidst all his hectic business parlays at Mumabi, Obama did find time to visit the Mahatma’s home and the First Lady was at her best, when she danced and played hopscotch with the kids assembled at the University of Mumbai.
It’s a different story that the nation has totally lost its touch for the Mahatma and the handpicked kids at the University in no way represent the true picture of the millions of poor kids in this country, who every day struggle to get one square meal or basic education!