The National Democratic Alliance (NDA) Budget for FY2015 has come in for well-deserved criticism for being merely incremental and not showing enough of a vision for the future nor a sufficient break from the past.
Its recent stance in World Trade Organisation (WTO) negotiations has caused more confusion. Surjit Bhalla and Pratap Bhanu Mehta have voiced their bafflement in The Indian Express of July 29.
Prime Minister Narendra Modi is the focal point of these concerns.
Why has this happened? The situation bothers those who have known Modi primarily as a candidate on the stump, but not as the chief minister of Gujarat for twelve and a half long years.
He appears to be pursuing the Gujarat Model, not the kind discussed to death in the election campaign of 2014, but the one he actually practised during his earlier avatar.
Modi perhaps has not had much use for economists. This predates the bastion of economists, the Planning Commission, being in limbo or the position of the chief economic adviser lying vacant for long.
Text: Shreekant Sambrani, Business Standard
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