An underachiever and an overrated economist

July 9th, 2012

It has been a little over three years (2009) when India had voted clearly in favour of Manmohan Singh as the prime minister of the country. It is quite amazing that in this span of three years the PM has managed to earn so much of disrepute not only nationally but now also internationally. The forthcoming issue of Time magazine (Asia edition) has a cover story declaring the PM an “underachiever”. And this sums up the entire mood of the nation. In 2009 it was expected that the UPA coalition would be far more stable than the previous one and this would enable the PM to lead the nation into a more stable economic environment.

Unfortunately, the last three years have been the worst the country has ever seen. With a highly acclaimed and successful economist (1991 era) as the PM, it is ironical that the Indian economy has been the worst performer in the region. What has Mamohan Singh the economist been doing, is a question a large number of people are trying to answer.

Manmohan Singh has not only failed as an economist but has also as a politician even after more than two decades of active politics. His political naivete is evident from his inept handling of not only the coalition partners but also his own partymen (Pranab, Chidambaram, Kalmadi etc).

With the departure of Pranab, some of the comments made by the PM regarding the state of the economy and the actions taken by the finance ministry are laughable to say the least.  The comments clearly point towards the discomfort which the PMO had with Pranab as the FM. What disturbs the most is the fact that nation is being led by a PM who could not do the right things because his ministers thought otherwise. The PM played the role of a consultant who only advises, does not execute and takes no responsibility for the failure.  Is this the kind of PM the nation wants?

If the PM doesn’t change his role and learn to act decisively, the nation is at a high risk of losing the status of an economic growth engine for the global economy. A number of reforms are stuck for different reasons and the PM appears or be doing nothing to push them through. Time is running out and if he continues to find alibis for his failures on all fronts the nation is sure to be doomed. From being a puppet prime minister (2004) to a decisive leader (2009 elections) to a total failure (2001–2012) the PM has seen it all. “Perform or perish” is the only way forward and the PM should learn it fast. underachiever and an overrated economist digg:An underachiever and an overrated economist newsvine:An underachiever and an overrated economist reddit:An underachiever and an overrated economist Y!:An underachiever and an overrated economist