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Tag Archives: budget

Dear Prime Minister, Remember the nineties? And Arjun and the eye of the fish?
13.08.16 - preet k s bedi

Till the eighties, terms like GDP and growth rate were for pink papers, deficit was a meaningless concept as the government could always print more money and job creation meant the government hiring more people. With low growth, high inflation and no job creation, we were inching towards a precipice. And crashed into it in 1990. 
 
Though packaged as a correction of social inequality, the Mandal agitation was really a wake-up call announcing that government just did not have enough jobs and opportunities for the armies passing out of schools and colleges. Job creation had to be planned.  
 
It was left to the two most colourless men running a minority government to change it all. Whether by circumstance or design, they plunged so completely into reforms that economy became everyone’s business. In hindsight this was their smartest move. They  by-passed the political class entirely and made economy a topic of discussion ...
  



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