Question: We need economists to tell us what ails the Indian economy. But can they improve the situation?
Answer: Without political muscle, they cannot. If some key factors are unfavourable or uncontrollable, even a benign and strong government, advised by a brilliant Chanakya, cannot.
If you are inclined to doubt the answer, remind yourself that our prime minister is a renowned economist and that he heads the government. Recall some national policy decisions of recent times that have impacted the Indian economy. Now look at the wide gaps between the expected grand outcomes and the actual results.
For a live example, consider the weakening rupee. It has hit an all-time high of 56.5 against the US dollar this week. See the government response reported in the media.
What are your views? Before you put them down under *Comments* below, check out this short global overview.
Answer: Without political muscle, they cannot. If some key factors are unfavourable or uncontrollable, even a benign and strong government, advised by a brilliant Chanakya, cannot.
If you are inclined to doubt the answer, remind yourself that our prime minister is a renowned economist and that he heads the government. Recall some national policy decisions of recent times that have impacted the Indian economy. Now look at the wide gaps between the expected grand outcomes and the actual results.
For a live example, consider the weakening rupee. It has hit an all-time high of 56.5 against the US dollar this week. See the government response reported in the media.
What are your views? Before you put them down under *Comments* below, check out this short global overview.
