Basis for Policy Making in India
Updated: Mar 27, 2021
There are two fundamental schools of thought for Policy-Making.
One is 'welfare economics' or 'social justice theory' by Amartya Sen. This approach focuses on the distribution of resources to 'Have nots'. This supports the welfare policies by the governments like giving subsidies and freebies to economically weaker sections.
Another is the 'Trickle Down Effect' theory' by Jagadish Bhagavathi. This supports policies on free trade, disinvestment, and privatization. This theory supports the trickle-down effect of resources due to economic activity.
I thought of pondering these thoughts after checking election manifestos of different parties in Tamil Nadu.
Have a look at the manifesto of different parties.
A leading national party is planning to give free water to all households of TN by 2022.
Free CFL and LED bulbs to every ration cardholder.
A major local party wants to oppose National Education Policy and wants to bring its own Education Policy.
No one is talking about,
Increasing software export.
No one is talking about supporting startups.
No one is talking about Skilling youth with relevant job-oriented skills.
No one is talking about an adaptation of technology in Social Development.
I wonder whether people have forgotten Jagadish Bhagavathi?