Good Economics Makes Good Politics...

Jun 6, 2009

The world has watched in amazement as India proved that the word democracy is still valued. That we are still secular and republic. That no matter who attacks us we will not budge. That we the power to choose our rulers. That all of us have the equal opportunity to build this nation. Wonderful ! Felt the world as it watched the great drama of democracy unfold in colors. What made such an event successful? Much of the credit of success goes to the media. Campaigns like “ Lead India”, “ Jago Re”, “ Make Every Vote Count” assured that every citizen was made aware of the sacredness of  his/her duty. Print and Electronic media carried out seriously the analysis ,truth findings, Interviews, debates throughout the election days, bringing out the point, why we should vote?

UPA has come back to power with renewed vigor and zeal. The so called ‘ Nikhamma’(weak) Prime Minister, Manmohan Singh has become the Prime Minister for the second time next only to Nehru. 204 is the majority with which UPA has not only silenced the NDA but also broken the back of the remaining fronts. Now who can stop it from ruling for another full term? As a student of Economics I see this situation as not a fight between two political alliances but it’s a fight of Economics against Politics and former has defeated the latter. No longer will Indians believe that it is the politics that will run the nation but Economics. We have come to a conclusion that to put India on the podium No.1 as super power we need Economics more than Politics. So I conclude by saying “ Good Economics makes Good Politics”. This statement of mine I would justify in the following paragraphs.

The people’s report card of the country in UPA’s rule has shoed that they value UPA’s economics more than its politics. When Manmohan Singh took over the reins many believed that this hardcore economist from Oxford would not know any politics and his Utopian politics would ruin countries progress. Leave him alone. Behind him were tow other Harvard return economists. P.Chidambaram and Montek Singh, the finance Minster and planning commission head respectively. They too were severely criticized for their faulty policies. But many have lately realized that they were not entirely faulty, they were some of the first steps to free this country from the clutches of poverty, unemployment and to put it on the track of progress. This effort yielded fruit of 204 seats to UPA. Was it not economics over politics? Once when Manmohan who had steered the country which was on the verge of bankruptcy now the same man with team has steered it again towards development. So at the end it is the economics and not politics.

What did economics do, that politics had failed? The Indian economy’s growth has been one of the success stories under this regime of economists. It was fir the first time ,in  post-independence history of country, our economy registered a spectacular 9% growth rate for three consecutive years. And even after the global recession set in, while the world braced with contacting markets, defunct companies ad pink slips, India remained the second fastest growing economy in the world with GDP growth rate still 7% .These facts and figures visibly showed that what economics would do and what harm the party politics, vote bank politics had done for the country? All this was a  good us of the economic environment and the resources available to address the need of a large number of constituencies –rural, agricultural, the incumbent and aspiring middle class, by UPA.

The National Rural Employment Guarantee Scheme the flagship socio-economic development proramme and Rs.70000 core loan waiver package announced by the Manmohan singh government brought much credit to the UPA .It re-enforced the party’s image as being pro-aam aadmi. This impact was clearly visible in states as UP.MP and Rajasthan. Projects such as Bharath Nirman and PMGSY had earned a lot of goodwill for the principle ruling party at the centre. Even Nuclear deal with US came very handy as industrialists supported it. These are some of the plans which have seriously affected the people even at the grass root level .And the minds behind this were none other than the three economist of our country.

Where did the politics fail? During the election many of the party’s got busy in blame game. Pulling each others legs and involving in mud throwing game. NDA and specially BJP made a collateral damage to it self by abusing the Manmohan and Soina and calling them by names. This coasted very dear to them. Now many party’s have realized that no longer caste, religion and region politics will work. Today poor people need Roti, Kapda, Makhan and with it Bijili, Sadak and Computer. The growing middle class needs employment and the industries need healthy economic policies. All of them will certainly vote those who will fulfill all of these no matter if it is UPA or NDA . They will turn back from those who want to build Mandir and Mosque and are not worried about building a nation.This time it was UPA who succeeded in convincing people. So it is the right time that political parties should take up a new agenda-good economics only then good politics is possible.

Rohan Sequiera - archives:

by Rohan Sequeira
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Comment on this article

  • Rohan Sequeira, Mangalore/ Mumbai

    Sat, May 29 2010

    Hi Rohan,
    Good article and well written. Your analysis is good. Our PM is good but surrounded by only a handful of good ministers which are just a handful. The rest are useless or corrupt. Lets hope the PM is able to continue doing the best he can to make India Shine.

  • Dhinu, mangalore/bangalore

    Tue, Jun 09 2009

    Thanks Rohan for the delightful insights which you put forward as a student of economics... very good article. Keep writing. I am always there to read your article.well done

  • Loy Mathias, USA

    Tue, Jun 09 2009

    Thanks Rohan, you really hit the nail on the head. We have a PM who has good character, good economic stratergy and a hidden nerve of steel as exhibited during the India-US Nuclear deal. The one reason the BJP won so many parliamentary seats in Karnataka was because, the state governments were very unstable ever since S.M. Krishna''s departure.

    Every year or two, there would be a change in state government. Hence the people of Karnataka were willing to vote for the BJP in the parliamentary electoins not because of their policies, but because of a semblance of stability.

  • Martha Daruwalla, Shankerpura/Mumbai

    Mon, Jun 08 2009

    Rohan, Very well written & good one. In this article, you have put down some thoughts of my mind as well. Congratulations! Keep writing.


    Mon, Jun 08 2009

    Thanks Rohan. Many won''t listen to you because of your name. I AGREE "Now many party’s have realized that no longer caste, religion and region politics will work" but also add that unfortunately many haven''t realized because they are still in their religious slumber. Once you project a common enemy saying a particular religion is against us, people still unite until quality education enlightens them. No doubt, today and always the poor people need Roti, Kapda, Makhan and with it Bijili, Sadak and Computer. All need employment and money too. Poor and the less educated will eventually understand that distributing money and bestowing favours during election is no answer to our real problems. Presenting the minority as our worst enemy is fictitious answer to a real problem. Big common question is "HOW DO EARN A DECENT LIVING AND SURVIVE IN A MODERN WORLD?"

  • George Cruz, Managalore/USA

    Mon, Jun 08 2009

    UPA has won across India and Dr. Manmohan Singh is the PM for the second term. What concerns me is the forthcoming visit of Hilary Clinton (secretary of state) and possibility Kashmir issue popping up again. The Jammu and Kashmir is integral part of India and hope Dr.Singh and UPA show tough stand on this issue.

  • Brian Pereira, Karnataka SJ

    Mon, Jun 08 2009

    Very good arcticle Rohan. Your analysis is very good. Please keep writing. All the best. May the tribe of journalists grow in our Province.

  • Lancy M Fernandes SJ, Jeppu /Pune

    Sun, Jun 07 2009

    thanks for ur critical outlook. Hope the desires of the citizens from the new Govt will take it stride.

  • Dr Norbert Lobo, mangalore

    Sun, Jun 07 2009

    Congratulations Rohan. Good article. Keep writing often

  • MA Sheikh, Mangalore/Dammam

    Sun, Jun 07 2009

    Very good article Mr. Rohan, keep your good works going, good luck.

  • Jossie D''Mello SJ, Bejai /Madrid

    Sat, Jun 06 2009

    Rohan, thanks for “Good Economics makes Good Poitics”. It’s really an insightful and thought provoking one. Quite often we talk about politics in terms of gaining votes and obtaining power. Now the emphasize should the people and not power. The economic system should empower the poor, the weak and the marginalized. Hope the political leaders of our country and state will realize the need for development.

  • Lancy Dias, Mangalore

    Sat, Jun 06 2009

    Rohan congratulations, its really a thought provoking article good analysis of the situations. I fully agree with you. We must be thinking about building our nation rather than mandir and mosque.

  • Manohar Veigas, UDUPI

    Sat, Jun 06 2009

    The success of UPA by bringing economic agenda to the fore has paid them rich dividends is absolutely true. The other reason for UPA success is virtually absence of any viable alternative to the UPA. BJP has ruined its prospects by itself bringing to fore the personal attacks on PM and adding to its agenda the wishlist of the RSS. Well written by Rohan Sequeira.

  • Jawar D''Souza, M''Lore/Doha

    Sat, Jun 06 2009

    To be frank i am not very much in to politics,in Indian democracy the voter is not aware what he is doing by casting his vote I am not talking about those bihari''s or the bahai''s I am speaking of the educated people of Karnataka,we say we are educated but what we do take a few free drinks and go to vote. if we are like this what about illiterate India this system has to be changed we should know what we are voting for.

  • Vincy, kemmannu/Dubai

    Sat, Jun 06 2009

    Good article.Very soon India is going to become a great economic power in the world. God bless India

  • Jerry Moras, kuppepadavu / Canada

    Sat, Jun 06 2009

    Thought provoking article Rohan Sequeira . When I think of Prime Minister, Manmohan Singh I quote Gen. H. Norman Schwarzkopf "Leadership is a combination of strategy and character. If you must be without one, be without the strategy." Everyone in India and overseas has high regard for Prime Minister’s Manmohan’s economic strategy and his character. He is often referred as soft spoken person.

  • Olivia Juliet Lobo, Kulshekar / Bahrain

    Fri, Jun 05 2009

    Good article.

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