Good Politics Precedes Economics

Bikash Choudhury



"Good Politics precedes Good Economics" goes the famous adage. India
is very fortunate to have top economist as top most political managers
of the country;however, unfortunately country suffers from a worst
spell of cascading inflation which does not show any sign of
restraint;in spite of tough & stringent monetary measures of
RBI;which vindicates the hypothesis "Good Politics actually precedes
good economics" as the current turmoil of surging prices are the
result of gross mismanagement politics and governance of the
country.There is actually a limit within which hard earned tax payers
money could be thrown down the drain without pinching the pockets of
ordinary mortals.I guess the inflationary pressure on food items &
other commodities in the basket of (CPI) consumer price index is the
net result or an impact of sum total of cash loss/waste in Govt. and
in the public sector.
1.If govt. version were to be believed " structural changes in
the consumption pattern is the raison d'et'ere of swirling inflation"
then Govt. could have attempted to deal with the supply side
constraints by incentive's "cold chain/cold storage/food supply
chain/logistic"which could have saved daily wastage of perishable
fruits & vegetables and augmented supply in the short term(3-6
months).

2.Further, Govt. could have encouraged urban roof top farming of
fruits & vegetables with suitable technology(Israel type) with an
enabling business model of PPP.
Govt. is in fact running out of Ideas and will and interest to
Govern;at the same time not prepared to listen to saner voices.Thus,
very appropriate time to go?