Author
The author is a senior economist, columnist, author and a votary of inclusive development
Farming can be growth business if policies are holistic, focused on growth & sustainability; centred as much around the farmers as around the agri-ecosystem.
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The key is designing policies holistically that helps them ‘age’ better; make them ‘self-sufficient & more independent and actively engage with them.
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Exponential growth triggers periodic expansion, sustainable ‘peaks’, creating a virtuous, robust and enormous long term value. It flattens the pyramid, and provides ‘most’ to everyone.
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The public sector suffers structural frailty. The ‘owner’ i.e. the government neither has the expertise nor the motivation to run business.
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The problem of increasing income inequality is not just problems that result from how the economic pie is divided but also causes of ‘too slow’ an expansion of that pie. This is why the middle -class should be the focus of our socioeconomic policy.
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The infrastructure deficit economies suffer the ignominy of stunted development. They lag. Have lower economic multipliers. Several other societal parameters suffer, manifesting into a deprived ecosystem.
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Work ethics & culture deteriorate. The number and the periodicity clearly indicate extent of friction between citizens and the government. In thriving democracies governments are benevolent. Most disputes are resolved, few adjudicated in the court.
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Our policymakers must be on the watch nevertheless, rethink and prepare. The government needs to create, stimulate and vitalize the enabling ecosystem.
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The medium is tech & digital, the tool analytics & uber targeting. The objective revolves around consumer experience through innovative business model effective delivery. The goal is to be ahead of the curve, even define it.
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Economic growth is a process, not an event. This is often missed by the policymakers when they ‘design’ the big bang policy reforms to usher in the ‘animal spirit’. Growth unfolds as a series of events.
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