India's Economic Policy in last Decade - From Neoliberalism to Modinomics
Top left and top right - Former Prime Minister, a liberal Professor, Manmohan Singh and India's former Central Bank Governor Raghuram Rajan. Bottom left & bottom right - Present Prime Minister, a religious populist, Narendra Modi & his first Finance Minister Arun Jaitely In a previous post , i explained two main structural problems of India - Wastage & misutilization of our labor force & human resources. And acute shortage of core Assets to run a sustainable economy. These are two long standing problems since many decades and Governments have done little to decisively solve these problems. In another post , i explained how Modi Government has aggravated the Covid-19 induced economic depression by Austerity policies and lack of central assistance to states. In this post, i am reviewing India's economic policy in last decade and the policy blunders made by past UPA Govt as well as present Modi Government. India's economy was in secular decline since last 6 q