"A Decade of Economic Destruction... by Shri S
Gurumurthy" Full Video
It is easier and fancier to criticize and find fault with
every macroeconomic policy with nuanced jargon or newly coined ones but very
difficult to frame one and also execute especially when there are multiple
forces to cripple the economic development or divert the attention.
I would side with Prof. R. Vaidyanathan and S.Gurumurthy
when analyzing the macro economy viz à viz Indian conditions.
Therefore, using any imported models to evaluate all aspects
of the economy by itself is starting on wrong premises.
We all need to accept that life is complicated and modern
day economics is too complex with multiple players ,various dimensions and each
dimension with multitude of dynamics all playing their roles with varying
degrees of intensities.
Besides we must understand any government can only bring
about procedures, processes and systems to address issues based on priorities
and not offer a panacea.
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