Economics focus
On deaf ears
Does India’s government pay any heed to its economic advisers?
Mar 4th 2010
Mar 4th 2010
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The Government's stance on food-inflation is indeed a quintessential point of concern for all economic advisors.
While Mr. Pranab does agree about worries that such situations impose, he lacked any clear-cut measures, or tranparencies regarding the near-future scenarios.
Obviously enough, this ain't gonna be down.
And instead of beefing-up the production, the government argues that high prices will make-up-for losses incurred by the poor farmers.
Time to have morals from China.
It is a conundrum that any human being listens to only what agrees with his/her secret intention. Asking for advice is a way of finding those who reinforce your own point of view. If they advise a course of action that could embarrass you, like providing 20 billion rupees to the 20% poor direct, you can always find reasons why it cannot be done. As for the Government of India, to remain in the governing position what is required to be done, that is naturally the priority. Again, another conundrum is that unless they remain in the governing position, what is it that they can do, for the poor or the rich? So, a via media always happens, naturally and unaided by any advice.