The cynic would say the question to ask is whether ‘governance’, not even ‘good governance’, will make a comeback in 2014. In the last few years reforms have been dead and there has been very little to write home about on most governance fronts. Good governance as a concept has been as used as much as abused, and if the four 2014 Assembly results are any indication, the verdict is clearly anti-misgovernance.
The dominant economic strategy for success in good governance appears to be a highly calibrated 80:20 mix of (a) growth-enhancing, competitiveness-creating policies which increase the overall size of the cake and (b) carefully modulated left-of-centre distributive policies, respectively—these will split that cake reasonably fairly as per the political calculus. Economic growth has to be the lynchpin of good governance and this formula is a close approximation of that, provided the 20 is not growth-decimating which impacts the 80.
Investments and Ease of Starting a Business
(This story appears in the 10 January, 2014 issue of Forbes India. To visit our Archives, click here.)
If voters decide on the basis of their past experience to vote for a proven leadership in a conclusive manner and bring them to power India can not only reverse the morass into which it has faller but give a strong leadership to the world on economic front.This should have happened a long time ago.As far as GDP growth goes India could have projected a far better figure if the black money moving out of the country was effectively curbed.But when the fence eats the crop there is no remedy.If the new government is successful in getting it back this the country could deliver spectacular results on all fronts
on Jan 4, 2014