right from 1990’s, since when manmohan singh got proximity to power, India has been driven by a tendency of FDI based growth.
more FDI, more infrastructural growth, more jobs and overall elevation of society, that was the choco-dream offered to us by manmohonomics though it had shaken very roots of Inclusive Growth, fundamental techno-economical solidarity and liberty of govt. to switch to common man oriented policies without much hulla-balloo.
entry of manmohan, opening of economy, rapid privatization are some phases which need a quick review and lessons must be learnt from them.
To ride a bubble of economic boom and getting narcissistic about it without even analyzing that how much fundamental devlopment it had conferred upon. there had been some voices regarding manmohan’s role as an world-bank’s agent who opened Indian market to expand consumer base of MNC‘S and redirected resources to train indians for being a good labor force, causing depression in labor cost and creating pseudo-employment without imparting true techno-entrepreneurial growth.
we need to review, revise our growth pattern and elicit some basic truths to remove the mask of deceptive indian economic growth and to defend our interests from this frankestien-monster of foreign led growth and predatory external capital.
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