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India creates more jobs for other countries than for own citizens

Source : DNA
Aug 06, 2013

Joe Biden, the US vice-president, was in India last week, seeking more business for his own country. He wanted India to place orders for nuclear plants with the US. He wanted bank licences, and more retail and investment banking opportunities. He was doing the right thing – but for the US. It’s the job of every elected representative to create job opportunities – for his own country.

 

Compare this with what India does. It ignores the fact that even the US has begun to find nuclear power very expensive. Watch the chart alongside. The share of nuclear power in the US energy basket has slipped from over 21% to under 20% during the past two years. In 2008, the US had 24 applications for setting up new nuclear plants. Of them, only four have gone ahead with their plans – the rest finding nuclear power incapable of competing against coal and gas. 


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