ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Should Mumbai Learn from Shanghai?

Indian policymakers are fascinated by Shanghai and they seek to develop Mumbai into another Shanghai. This vision is based entirely on the fascination with the Shanghai/Pudong skyline, without any substantive understanding of or facts about the growth in the Chinese city. True, there has been rapid growth in Shanghai, but most of this growth has been to the benefit of corporations (public sector and foreign controlled), little has gone to the city's households. Since the late 1990s, the poor of Shanghai have in fact seen a relative decline in incomes vis-à-vis the richer groups. Shanghai has a strong government (which has put up the towering skyline), but entrepreneurship and private initiative are limited compared to that in most other provinces of China. The city's record in innovation too has been poor. Is this the path for Mumbai to follow?
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