Opinion

Is Economist Amartaya Sen totally against India and its development??

Dr Amartaya Sen is a Nobel laureate, Economist, Professor at Harvard University, recipient of Bharat Ratna during the NDA rule, and also a famous politic critic. He is a noted Economist and his views, therefore are well read in the Indian circle. However, when it comes to his image as an Indian political critic’s, Dr Sen seems to spell a clear verdict. Going by his own words, and opinion shared in the media, he seems to be very hard opinioned.

Consider this- the prominent economist criticised Mr. Modi’s model of governance saying he did not approve of it.  He said that the Gujarat model needs to do much more on the health and education sectors and bring equity.

While these are some of his political views on PM Modi, when he was the Gujarat CM, his political views on other party members is also not so good.

My views are not good on Odd-even rule, he told The Hindu.

Manmohan Singh failed in the execution of his vision for India, he told the India Today.

Dr Sen’s political grudge is based on key facts including, lack of education, lack of healthcare and lack of social security.

In his own words, Dr Sen said that education and healthcare were badly neglected by the previous UPA government and it is even more badly neglected by the Modi government now.

So, why is he not widely appreciating some recent moves by PM Modi? After having acknowledged Dr Manmohan Singh as a great economist but still not able to deliver as a political strategist, Dr Sen should have ideally taken a fresh view of NaMo style of politics also.

  • The very fact that BJP formed a majority-based government is testimony to the fact that the key agenda of political administration in India-is now development
  • Dr Amartya Sen has also criticized the subsidies practice followed under Indian democratic rule. And we know that, BJP has worked towards surrendering many subsidies. Some of the popular drives include LPG subsidies, and also the much controversial Parliament canteen facility. An RTI query revealed that this canteen got a total subsidy of Rs 60.7 crore during the last five years
  • BJP has also introduced many life insurance and health insurance schemes under the PM Yojna program
  • BJP has also been pushing shifting of more and more people into formal banking system, through Jan Dhan Yojna schemes
  • Welfare for poor by doing cash transfers directly through banking channels
  • Initiative to make India IT literate

Post-demonetization

  • Many players in the Indian unorganized market sector have expressed their willingness to shift to the formal banking system, post demonetization
  • The Banking system in India is in a flourishing mode, with interest rates reduced by leading banks like SBI and ICICI
  • There is a sudden spurt in insurance premiums, as reported by LIC. Also, health insurance is a non-taxable income so people will now consider investment through government and private insurance channels
  • Housing finance and home loans is also expected to see a boost, with black money transactions expected to be in check now
  • The real estate pricing is also expected to be in-check, with no back-room deal. Also, luxury home prices are already down
  • Cashless transactions are expected to reduce the currency printing operational cost in India, which is really huge
  • The public-at-large is now expecting greater benefits on infrastructure and other public projects. Only recently there were affordable housing sops announced by PM Modi

We understand that it is not perfect, but mere acknowledgment of Dr Sen should not be accepted. It should be more willingly analysed by a respected economist (from a fresh political perspective) in India.

Other famous political excerpts of Dr Sen

“I would say caste is anti-national because it divides the nation. We want to be national, not anti-national, for which it is important to eliminate all divisions,” the 82-year-old economist and philosopher said. With recent SC ruling against identity politics, the political climate in India is favorably moving ahead.

Dr Sen commented, during an NDTV panel discussion, that Mr Kejriwal had done the right thing by entering politics, a move that led to his public split with Anna Hazare, a man he called his guru. “What Anna Hazare did was not right…outside the legal system…It was good for (Kejriwal and others) to join politics,” said the noted economist, attributing Mr Kejriwal’s success to the “total failure of all political parties” in doing what a government should, in creating educational and health opportunities. Well, we leave it to you to judge this matter.


Pooja Bhatia

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