Siesta post-reforms,is over

It took an eon for the govt.to desist from running hotels and bakeries.Goverment having seeded industrial growth at the turn of Independence,must now learn to withdraw in time for more efficient / accountable private enterprises to bear the torch of Industry.The USSR for long laboured under a state driven command economy.Faulty centralised  planning led to poor quality and outmoded designs .In the face of the rise of lesser but smarter private competition from Japan and S.Korea its economy collapsed .The bread queues in Moscow became longer.The USSR ultimately splintered. It is surviving largely on its oil/gas revenues.The China story was same till its industrial push and a deliberately undervalued currency resulted in a giant economic leap.But there too 65 % of its industries are run by the government and 80% of financial decisions in the economy  taken by political masters.Low cost of labour  and its exploitation  remain the hallmark of its industry. .China is now faced with ominous socio-politcal unrest.
        We are no better. Subsequent to the liberalisation of the ' 90s we have not thought of a 2nd phase follow up.Raj instincts of control/permit/license persist. Babus are reluctant to let go their fiefdoms.The national carrier Air India is sinking deeper on a daily basis.PSU Steel plants,with low global productivity rankings, are surviving on China`s huge appetite.Railways  eke out an unsteady existence with no funds left over for modernisation /upgrade.BSNL /MTNL are losing business paying idle staff.We must take away non-viable manufacturing / service from time serving bureaucrats and  label a " sell- by date " over each of  them to realise good value before takers become scarce.In a globalised economy business sense and bottom lines has to come first.