Economy | Prasad Gupte

Mumbai has given me my friends, education, bread, happiness & sorrow – I love it. But with that it has given us traffic & pollution – 2 things unavoidable in this city. Despite of the patient Gaurav Samant driving me to work on that crazy JVLR, both of those rankle me everyday. But over the last couple of months, I’ve come to conclude that the traffic problem in Mumbai is a mere flow-rate issue. I might have lost touch with the intricacies of fluid dynamics, but the flow rate concept is simple enough to recollect & apply here. Wider roads have more cars flowing per second (wider area allows high velocity, hence higher flow rate). And its exactly the opposite on narrower roads. When 2 roads come together to form a road narrower than the sum of their widths, theoretically cars would have to go faster to keep the flow-rate constant. But I wish Mumbai roads allowed this. Such joints are usually where traffic clogs due to damaged roads & lack of driving sense.

The first problem is that these devastated intersections are “No Contractor’s Land”. Continue reading Mumbai traffic, the continuity equation & polictical will →

This week I read about Brazil wanting to amend its constitution to make happiness a right for its citizens. Having worked its way up to achieve a GDP of over $2 trillion, Brazil is now working towards having happiness on the nation’s to-do. However, it is currently struck with threatening issues such as health, education, poverty & an alarming crime rate. To ensure happiness of citizens means to work around these issues, deliver world class education & wipe out crime on their streets. In-house resources and independence in science & technology that is already existant, accompanied by a loyal travail from the government can pretty much add up to the happiness they seek.

Whenever a discussion around happiness comes up, Bhutan is what comes to my mind first. Ever since I’ve been there, I haven’t been able to neglect its focus on ‘Gross National Happiness‘ that they made part of the national propaganda in the ’70s. And the rest on GNH here is purely my opinion, based on what I heard & understood from locals. The government, backed by the monarchy, is extremely responsible when it comes to delivering quality education, health care services & dealing with crime. Almost everything they need is transported from India and we are in a way responsible for their defense. Despite of the transport costs involved in every commodity, the government subsidizes everything from fuel to cars. Perhaps, that’s the reason why everyone from commoners to monks have SUVs. Bhutan is extremely beautiful and rich in culture. Tourism is already a top 5 contributor to its $2 billion economy, but Continue reading The pursuit of happiness in developing nations →