Clash of political groups and the decline of economy

Known to all Indians is the fact that every political group has a distinct vote bank and the subsequent coming in of such groups varies the economic policies followed by the preceding governing party. The clash between the DMK and AIADMK in Tamil Nadu brings in new perks and measures, which are in favor of one or the other set of people. Subsidies flow emptying the reserves of the government and thus adding to the let down of the economic structure. When viewed in a broader sense, we can observe new governments coming up with all new sets of economic proposals as a way to recover the paralyzed economy; however no gains are secured.

Many experts talk of delinking the economic wing and the political arena, which would ensure that any change in the administrative squad would not allow the economy to writhe. On the contrary, the constitution accords supreme power to the government so as to devise workable policies for the betterment of the economy. Hence, economic and political wing are somewhere or the other in each other’s pocket. Indeed, India has witnessed numerous Finance Ministers with distinctive approach towards the economic arrangement, along with governments with altogether different perspective with respect to extending monetary favors or curtailing them.

In the year 2011, the arrival of the new government in the state of U.P. also welcomed drastic changes in the government expenditure structure. Subsidies too changed their recipients in the direction of the prevailing wind. Same is the scenario when new union governments steer clear of the strategies of the former government, leaving many vital projects in the midway, thus adding to the depletion of valuable and ever-scarce resources. We have even seen cases where funds are allocated by ministers in the areas of their concern despite of the fact that real assets rarely augment. Funds distribution and policy making have become more of person-oriented.

Economic momentum that is much-necessary is broken up with limited tenures of governments and the subsequent coming in of all new set of decision makers. Plus, the bureaucracy too modifies the manner of working in view of the new ministers. At last, the outgoing government leaves a burden of massive public debts, which rarely bothers the new government, rather eats up the fortune of the nation. Also, with restricted term of five years, none of the groups of administrators bothers about long-term goals that demand consistency and nil wastage of resources. ‘Mutual good’ is thus replaced by economic opulence of just a few clusters.

Ranging from the foreign policy and guidelines for the corporate sector to the reservation system and defense outlays, every new government comes up with unalike game plans that set aside the preceding measures. Certainly, the economic environment demands persistence, along with deep-rooted consistency. For instance, when a newly formed government announces a sudden decline in the tax slabs or custom tariffs, the revenues are sure to suffer unless balanced. For quite long, we have been witnessing every Finance Minister with altogether dissimilar principles that may prove to be a blessing in the short-run; however fail when uniformity lacks.

Either the political groups will have to come up with a clear consensus on the economic wing, or a structure outlining precise powers and limitations of the newly formed government will have to be adopted. Else, post every five years, resources would be moved from one scheme to the other, leaving nothing in the end. Having promised a prosperous tomorrow to all Indians, the new Modi-led government will have to fairly assess the former allocation of funds and policies in place with respect to subsidies, taxation, corporate sector, and government spending. Those necessary and constructive shall not be allowed to die owing to likings of new ministers.

46 thoughts on “Clash of political groups and the decline of economy

  1. Ved Prakash

    Hello, I am so happy I found your weblog.
    I’m really appreciating the commitment you put into your site and in depth information you offer.
    This has been so particularly generous with people like you to supply openly all that
    most of us would’ve offered for sale for an e book in order to make some dough on their own,
    even more so seeing that you could possibly have tried it if you ever decided.

  2. Jagjyoti

    The website is bright, clean, quick, easily navigable and all the links seem to work well.
    Moreover, the contents here in blog shape is really wonderful.

  3. B.L. Tiwari

    Good day! I just would like to give you a big thumbs up for your excellent information you have right here on this post.
    I will be coming back to your blog for more soon.

  4. N.K. Purohit

    I like the valuable information you provide in your articles. I will bookmark your blog and check again here frequently. I am quite certain I will learn lots of new stuff right here! Best of luck for the next!

  5. Rajnath

    You’re very intelligent. You already know the significance in the case of this matter. You post consider numerous angles of information. Your own stuff is excellent.

  6. Preeti

    Hi there everyone, it’s my first go to see at this site, and piece of writing is genuinely fruitful in favor of me, keep up posting these types of content.

  7. V.R. Choudary

    I just want to mention I am all new to weblog and truly savored this blog site. Likely I’m want to bookmark your blog . You actually have terrific articles. With thanks for sharing with us your web site.

  8. N.D. Tayal

    Great task on this publish! I enjoy the way you displayed your info as well as the way a person achieved it significant and also obvious to be aware of. Thanks a great deal.

  9. Sanjay

    This is a great tip especially to those new to the blogosphere. Simple but very precise information… Many thanks for sharing this one. A must read post!

  10. Ramesh

    I need to to thank you for this wonderful read!! I certainly loved every little bit of it. I have got you book-marked to look at new stuff you post…


Leave a Reply

Your email address will not be published. Required fields are marked *