NEW DELHI, INDIA (JULY 23, 2011) (ANI-NO ACCESS BBC) (ORIGINALLY 4:3)
1. BUILDINGS
2. SIGNBOARD READING 'RBS'
3. SIGNBOARDS OF BANKS
4. MEN WALKING ON THE STREET
5. SIGNBOARD READING 'TDI CITY'
6. VEHICLES MOVING ON THE STREET
VARANASI, UTTAR PRADESH, INDIA (JULY 23, 2011) (ANI-NO ACCESS BBC) (ORIGINALLY 16:9)
7. (SOUNDBITE) (Hindi) PROFESSOR ANIL KUMAR JAIN, DEAN, ECONOMICS DEPARTMENT, BENARAS HINDU UNIVERSITY, SAYING:
"Economic reforms paved the way to massive growth. Prior to it, the condition of the country was deplorable. Our balance of payments was in a bad state. Foreign reserves were barely sufficient for the following next weeks. Since then, every sphere and sector, from every perspective, has witnessed improvement. Agricultural growth rate, which used to be negative, in 2009-10 increased despite famine in some areas."
NEW DELHI, INDIA (JULY 23, 2011) (ANI-NO ACCESS BBC) (ORIGINALLY 4:3)
8. BUILDINGS
9. SIGNBOARD READING 'PNB HOUSING FINANCE LIMITED'
10. BUILDING WITH MANY BANNERS
11. SIGNBOARDS
12. SHOE SHINERS, SITTING ON A PAVEMENT
13. A SHOE SHINER SITTING
VARANASI, UTTAR PRADESH, INDIA (JULY 23, 2011) (ANI-NO ACCESS BBC) (ORIGINALLY 16:9)
14. (SOUNBITE) (Hindi) PROFESSOR KIRAN BARMAN, ECONOMIC DEPARTMENT, BENARAS HINDU UNIVERSITY, SAYING:
"At that point in time, three important steps were taken -Foreign trade liberalization, deregulation of domestic market and privatization. The first draft written by the then Finance minister, Manmohan Singh can be summarized that he promised many things like end of inequality and unemployment, fall in the prices of commodities, and that labour exploitation would reduce. He claimed that all the sectors like agriculture; technology; transport and communication would witness progress. If we take a look at the macro indicators then surely the GDP growth has increased, poverty percentage has decreased, manufacturing and service sectors have progressed, transportation sector improved. But, a closer analysis of this scenario reveals that the problems that were present 20 years ago have increased manifold and corruption cases, not present 40 years back, are now emerging."
NEW DELHI, INDIA (JULY 23, 2011) (ANI-NO ACCESS BBC) (ORIGINALLY 4:3)
15. PARANJOY GUHA THAKURTA, SENIOR JOURNALIST SITTING
16. THAKURTA LOOKING
17. (SOUNDBITE) (English) PARANJOY GUHA THAKURTA, SENIOR JOURNALIST, SAYING:
"The problem with looking only at the economic growth figures or the rate of growth of GDP figure is that it doesn't really talk about whether that growth has really been inclusive, whether it has created jobs, whether it has dispersed across all geographical areas in the country. This, to my mind, has been the biggest limitation, the biggest drawback of the last two decades of economic liberalization. The rich have got richer and so have the middle class, I am not arguing that the poor have become poorer but the rich have certainly got richer at a far faster pace than the poor. Therefore, the gap between the Haves and the Have-nots has widened, which is why we see the kind of inequality we do in India, where one out of four persons in the country, even the government acknowledges, lives below the poverty line. A substantial section of the population lives on barely Rs 20 day and one out of four persons in the country still cannot read or write their own name. So the flip side of economic liberalization has been a widening of economic inequality."
18. A BUILDING
19. SIGNBOARD READING 'ARUN KUMAR'
20. ARUN KUMAR SITTING
21. HAND OF KUMAR
22. (SOUNDBITE) (English) PROFESSOR ARUN KUMAR, ECONOMICS DEPARTMENT, JAWAHARLAL NEHRU UNIVERSITY, SAYING:
"Globalisation means globally competing. That means you have to generate new knowledge, whether it is software, biotechnology, nanotechnology, aerospace and nuclear technology. For instance, in nuclear technology we are still very dependent on the import of technology and so we went for India-US nuclear deal. We could not generate our own technology. We have also not been able to generate adequate amount of reprocessing technology and so we feel hurt when there is a ban on sending technology to India. We have not yet been able to develop this technology. Unfortunately in India, private sector does not do much of research. Public sector in the universities, which used to do such research, is being curtailed because the funding for them has reduced. As a result, R&D (Research and Development) has suffered in India. We are becoming more dependent on import of research and development. We are doing good work in areas like biotechnology or pharmaceuticals but, by and large, R&D expenditure and achievements are very few.
FILE (ANI-NO ACCESS BBC) (ORIGINALLY 4:3)
23. FORMER INDIAN PRIME MINISTER, NARASIMHA RAO, SITTING
24. FORMER FINANCE MINISTER, MANMOHAN SINGH, SITTING
25. GHULAM NABI AZAD AND MADHAVRAO SCINDIA, CONGRESS LEADERS, SITTING
26. RAO LOOKING
27. MINISTERS SITTING DURING A CABINET MEETING
28. MANMOHAN SINGH SITTING
Original Script Date
Jul 24 09:28 (1 day ago)
Modified Script Date
Jul 24 09:28 (1 day ago)
Headline
20 years after, Indian economists analyse the repercussions of economic reforms.
Locations
NEW DELHI/VARANASI, UTTAR PRADESH
Sound
NATURAL WITH HINDI AND ENGLISH SPEECH