India Uninc. Quotes

“A vast army of government employees [Central, state and local government] of around 20 million are taken care by the remaining 380 million of the workforce, which also meets the extortionate and rent-seeking demands of the government employees.”
― R. Vaidyanathan, India Uninc.

“Instead of wasting his time in Frankfurt and Tokyo, the finance minster should focus on Indian housewives and help them balance their budgets by reducing inflation and the fiscal deficit. Unfortunately, our housewives do not have access to the Nashik note printing press like our FM. The solution to India’s problems lie inside, not in wooing FII and FDI inflows.”
― R. Vaidyanathan, India Uninc.

“The shopkeeper is very efficient, has an efficient home delivery system and knows the tastes and price considerations of his customers. But he is labelled ‘unorganized’ by our experts and national income data and his contribution thereby diminished. The footfalls in his shop cannot be measured using Western models [since there is no place to keep anybody’s foot inside his shop!] and so he is derided and abused. It is like clubbing housewives along with prostitutes in our Census data to show them that they are involved in ‘unproductive’ activities. These are economic constructs imposed by the west on the rest and it is a form of terminological terrorism which is mouthed ad-nauseam by our economists and policy planners without understanding their implications.”
― R. Vaidyanathan, India Uninc.

“The crisis faced by the West is primarily due to forgetting a six letter word called ‘saving’ which is a result of forgetting another six letter word called ‘family’.”
― R. Vaidyanathan, India Uninc.

“In many parts of India, chit funds address gaps left by the traditional banking sector.”
― R. Vaidyanathan, India Uninc.