Economic Times ( 29 Sept ) carries following news
report titled :
Better Growth in Coalition Govts : Reddy
A coalition
government that produced consensus on policy-making was probably better than the one with a majority as
far as economic growth was concerned, former RBI governor YV Reddy has
said.
Since economic liberalisation, beginning 1991 under the premiership of Narasimha Rao, India’s GDP growth rate was the highest in fiscal 2007, when it touched 9.6%, under the UPA led by Manmohan Singh. Under the new series, GDP grew 10.55% in FY2010.
The previous highest growth rate of 10.2% in fiscal 1989 was recorded under Rajiv Gandhi’s tenure, data from the Central Statistics Office revealed.
Interestingly, the highest growth in India from 1990 to 2014 was really during coalition governments,’’ Reddy told an audience in Washington.
“ So, in a way it is consensus based...in Indian
situation, a coalition
probably produces better economic results than a strong government,” he said.
To buttress his argument about the benefits of a coalition government, Reddy said the administration handled the 1991 currency crisis well, of which he was part as a bureaucrat.
“ The remarkable thing
was that despite an unstable political situation, they managed a political consensus for whatever was
needed to manage it successfully,’’ said Reddy.
My friend , Gurudatta is much
more analytical in examining the virtues of a COALITION GOVERNMENT
After reading my following blog :
here is
what he wrote :
Advantages of Constitutional Coalition
Government
·
Being a part of the govt. all
parties will be accountable for non-performance.
·
By the same logic, for any achievements during such a Govt’s
tenure, the credit will be shared by them all, irrespective of their size, thus
promoting positivity and unity of purpose.
·
Even accountability for
non-implementation of the pre-poll promises will be collective.
·
Unlike in the past, the tendency of raking up old issues/past
failures by way of investigation/court cases etc. of any of the constituents
will be curbed, saving immense national resources. Besides, more time will be
available for constructive discussions, decisions and prompt implementation of
the projects.
·
A lot of legislature time & other resources wasted on endless
debates, allegations and counter-allegations will be saved for constructive
work, enabling faster implementation & outcome of the plans.
·
The Speakers of the respective
legislative houses will be able to carry on their responsibility with
equanimity and fairness.
·
Moves, suggestions or new ideas
brought up by any of the constituents, irrespective of their individual
strength but solely on the merit and test of national interest, would be taken
up.
·
The party with highest
number of elected members will naturally seek to retain important ministries,
irrespective of the comparative capability of their own elected members
vis-à-vis other parties’ members with equal or better merit. This can somewhat
be defused by the giving Dy Ministership to other party candidates but
depending on the merits.
·
Such sweeping change in the governance, can we
also expect to have better candidates appointed to head the GOI entities,
governors, vice-presidents, presidents and judges of the courts? Most probably.
I believe , this is an “ IDEA WHOSE TIME
HAS COME “ !
Those in favour ,
please “ RAISE YOUR
HAND “ - and your VOICE !
29
Sept 2017
www.hemenparekh.in
/ blogs
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