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Q.

With eminent economists like Dr. Man Mohan Singh as PM, Dr. Montek Singh Ahluwalia as chief of the Planning Commission and Pronab Mukherjee as the FM, why UPA govt is miserably failing to manage India's economy as it should be managed?

Tags: india, money, commission
Asked by QueSera Sera, 07 Jan '11 05:06 pm
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Answers (5)

1.

Perhaps they all believe that Charity begins at home.As such they arev trying to improve their personal economy first.the country & countrymen can eait indefinitely!
Answered by HEMANT MEHTA, 07 Jan '11 05:09 pm

 
  
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2.

Don't get me wrong, Dr. Manmohan Singh has an IMPRESSIVE resume and he studied is some of the top notch schools, but the thing is Friedmanism isin't applicable 2 India. If Manmohan Singh or esteemed folk like Dr. Montek Singh Ahluwallia or Mukherjee were the PM or FM of Malaysia, Thailand or Japan- they would have odes about them sang in pubs and bars and pop stars will be singing praises 4 them in their next album.

Unfortunately, this ain't Thailand, Malaysia or Japan- this is India :D

Friedmanism is a good economic concept, but it can't be universally applied to all countries and cases. To qualify for Friedmanism:

1. The SOCIAL MATURITY factor must be very high in the population.
2. The majority of the population has to be either industry or service dominated with agriculture practicing pop. and sector just dominating less than 10-15 pc at most of total economy. We are at 60 percent almost.

TO talk about SOCIAL MATURITY factor, this is an indicator of how well your ...more
Answered by A Moin, 07 Jan '11 11:49 pm

 
  
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3.

These are big boys and we gave them toys to play around us
Answered by pramod gokhale, 07 Jan '11 06:23 pm

 
  
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4.

But you have forgotten the Agriculture minister. The great Maratha warrior is more than match to any number eminent economists. I am not saying that he alone is to be blamed but he symbolizes the kind of people who seem to have different ideas than MMS about how the county should be run.
Answered by Vikram, 07 Jan '11 05:18 pm

 
  
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5.

Mismanagement of population growth due to political compulsions is effecting adversily the economic growth.
Answered by bhaskara rao, 07 Jan '11 05:11 pm

 
  
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