We have been guilty of not pushing ourselves on economic reforms, cleaning up the system, correcting export-import balance during the 2009-2011 period (when our economy was growing faster than that of the Western countries). There’s no better time to repair the roof than when the sun is shining bright. These actions are part of the basic job of any responsible government and our government has fared miserably. Perhaps, the government thought that populist measures can be repeated (like MGNREGA helped it win the 2009 elections) and nothing needs to be done on reforms and cleaning up the system. The passing of the Food Security Bill in such haste is a case in point—it could have waited for another six to nine months till Aadhar and other enabling infrastructure could have become more stable. Also, fuel and fertilizer subsidy is more damaging in terms of quantum. In fact, most arm-chair analysts criticizing the food security subsidy must be driving in their diesel cars, contributing to the burgeoning fuel subsidy
Posted on: Wed, 04 Sep 2013 06:03:26 +0000
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