Wednesday, February 26, 2014

Third Front-Great possibilities

The nation's economy is in disrepair with low growth and high inflation. Yet on the eve of a landmark national election,no party is has a legible economic manifesto. BJP's  touting good governance is no policy ,but merely an efficient vehicle with which to deliver one.Congress which ought to bear the onus of much that has gone awry in the economy, is busy delivering a variety of rights and largess. Except setting up empowered committees  to speed up things in general It has no road map to furiously re rail  the economy. It has left the RBI to hold the fort. 
                     It is here that the the Third Front could come in. Instead sequestering strength on pedantic visions of secular and other causes it has an opportunity to draw out a firm economic agenda to redeem the progress.After all it is the states that grow wealth and have a greater say on inter state facilitation of trade and taxes, land acquisition,labour regulation and so forth. The satraps of the TF could together evolve a common program predominantly to reroute economic recovery. This would take away the stress on routine socio-political rhetoric that has been the bane of earlier Fronts.The emphasis would then shift to an economic plane much like the eurozone theme through which each state can optimise its interests even as the nation benefits.It should then hardly matter as to who  its PM would be . With days left,such evolution of the Front may not be feasible.But the next time around ,with a bevy of high profile achievers in the group,we might be able to steer towards a paradigm shift in our Politico-Economics.
Pub Pioneer Mar 1
http://www.dailypioneer.com/letters-to-the-editor/front-economy.html#

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