Category: Economics

Political, historical and technological factors. International scenario. These only help or hinder the economic progress of a nation. We need a more openly-debated economic policy too! Now, policy is drawn up by faceless bureaucrats and pro-establishment experts. There is no feedback from the grass roots. The minds of the people are not freed. They are…

Economic change? Not possible without a clear political will! It is political will,rather than any economic wisdom that propels economic change. Economics in its grand design must be seen essentially as people’s hopes and aspirations. Economic science or art may be about dry statistics or figures.But economic trnasformation calls for a vision and a drive…

It is not so simple! Anyway, one hopes our policy makers should focus on GDP as well as on non-economic factors like rule of law, transparency in governance. Under the BJP government the economic growth rose to 8.5% in 2003-04 on the previous year’s poor 4%. The Singh government promised 7-8 %.But actual growth today…

What is the public view of this one year government? The UPA completes one year in office. What is its achievements? What are its failures? The UPA wants to bring out a booklet. For preparing this booklet, the UPA had called the CPI and the CPI(M) for a breakfast meeting with the PM to finalise…

The Prime Minister and his team shouldn’t go for mere bureaucratic exercises! Listen to people who have worked at the grassroots! There are already reports in the newspapers that the Employment Guarantee Bill is watered down. There is also the letter of Aruna Roy and her colleagues in their letter to Sonia Gandhi on the…

India’s poor politics, Hinders economic development. The Economist magazine, true to its verbal gymnastics, had called India’s much talked about employement guarantee programme (or just a promise on date?) as India’s poor law! In the same typical imperial mindset the magazine goes on to elaborate its wisdom as it see it. Of course what the…

Indian capitalism to grow faster! It is market, market and more markets! This is the new economic mantra. Now modern day capitalism is so different from what we know from the past. Capitalism in a democracy! Even the MNCs have to function under democratic laws and regulations. In India, at the level of the common…

Government to import wheat & sugar ! Election time is not the time to talk of basic economic truths or substantive policy issues. And when you have the party like BJP it is extremely difficult to go for objective discussions! We have a Prime Minister who is admired widely, even abroad for what he had…