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Rajiv: All Comments

  1. On Capital Gains
    21/8/2009 11:1
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    As a lifelong resident of Delhi, I could immediately identify the “nouveau rich” Dasgupta talks about in this article. It is made out to be a new phenomenon, but we have seen this time and again over the last four decades. Delhi attracts entrepreneurs, and when they succeed, some crass behaviour follows, and is talked about. Delhi-wallahs have learnt to ignore this. Fortunately Delhi still has a substantial majority of people one will love to meet.

    Sadly, Dasgupta does not talk about some simple pleasures of Delhi. A visit to the walled city, a stroll through some quaint streets with mouth watering delicacies, charming bookshops and, for a discerning visitor, a sense of history to be read in the old buildings and monuments. Khan Market has some compelling restaurants and the Habitat Centre is ideal for a cultural evening.

    The reason some people made lots of money to flash around is because the educated middle class Indians had money to spend. When recession squeezed their spending power, the businesses suffered. The proposed gigantic “Mall of India” in Gurgaon, has not taken off, because of a lack of buyers. So, to conclude that the rich have made money at the expense of the downtrodden is misleading. Everybody gained from the economic boom, some more that others.

    The article belabours the infamous BMW case, as an example of judicial inequity. It is undeniable that such inequities- social, political and economic do exist in India. This is no different than any other country at India’s developmental stage. The point is that the schisms are recognised by the society and the government takes steps, albeit sluggishly, to address this.

    Notably disappointing was the utter lack of cultural aspects of Delhi. The article dismissed a few Delhi-wallahs interviewed as dinosaurs, ill equipped to handle the feral ferociousness of Delhi’s moneyed. Fortunately this is far from the truth. Delhi hosts a vibrant cultural scene- try the theatre district in central Delhi, the endless painting exhibitions, the exuberant music festivals, and the historic Red Fort/Qutub festivals. I could go on at the risk of making this a tourist advert. Thankfully none of these are the favourite haunts of the upstarts and t

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