The Downward Spiral, Owing to a Lack of Vision, Planning & Governance, that the Indian Economy Faces

 

Planning, vision & execution of projects today is a specialized task which requires good professionals with domain expertise & project management skills. This would be true, both in case the govt. of the day is the project manager or if they have farmed it out to the private sector. Unfortunately, all these aspects are either absent or have fallen to pathetic levels during the 7 years or so that Modi & his chosen henchmen have been in power. 

Crony capitalists and businesspersons of this regime like Adani & Ambani have never been known for the quality & excellence of the companies that they have set up, once they had managed to work out beforehand how the government  could aid them in all respects in doing so and had got the administration to concede the substantial advantages that they then demanded and wanted to consistently enjoy, over existing players in the sector. All this does not contribute towards building enterprises with the needed attributes for success. Naturally,  the colluding administration does not hold them to any established or laid-down standards, because it just doesn't have the people who can do so and also because it isn't even particularly bothered about doing so once the cuts for individuals & party coffers, as promised, have come in. 

Modi, a twisted, semi-literate erstwhile RSS Pracharak, is primarily tasked with the RSS agenda for furthering Hindutva and an  eventual Hindu Rashtra, as envisaged by the RSS ideologues. Along the way, Modi is obsessed with  gaining total control over all the levers of power, setting up an autocratic & fascist regime & dismantling secularism as enshrined in the Indian constitution and democracy in the process. He is quite some way towards achieving those objectives.

In any case, the team Modi has assembled is the pits because quality, domain knowledge & management abilities were never the key attributes while appointing them. Modi and his loyalists & minions have no vision & no mid-term strategic plan even. The unprecedented unemployment situation & the economic shambles that India is in, is a result of their non-governance & lack of management expertise. The few good men they had mostly inherited in some of these domains were soon squeezed out or shunted around because Modi doesn't want qualified, experienced and competent professionals around in the first place. The result is therefore a downward slide, in most priority sectors, to nowhere. The light, if any, at the end of the tunnel, is murky.

Further Reading:

Kaushik Basu and Ela Bhatt

Raghuram Rajan

Amartya Sen, Raghuram Rajan, Abhijit Banerjee, Esther Duflo

Failing Brakes: Anup Sinha

--Raja Mitra