MY VIEWS IN TIMES OF INDIA ON BIHAR'S GDP & IN LIVE MINT ON INDIA'S GDP GROWTH RATE

The Times of India story on 09.02.13 : Bihar GSDP growthrate slides to 9.48%

Comments of MILAN K SINHA (PATNA)
9 Feb, 2013, 11:37 PM

''Although the news is disheartening, yet not very unexpected as the growth drivers during the last seven years of present NDA government in a state which could not perform well on growth parameters for more than a decade preceding NDA rule, is showing signs of definite slowing down for more than one explicable reasons. To justify this fall by enumerating reasons with supporting statistics is not going to help score extra mileage, at least economically. In any case, the estimated decline in the growth rate of the state GDP to 9.48% during the current fiscal year from the high of 13.27% registered in 2011-12 is a big set back to the ruling combination in year which is going to be very important politically in view of next Lok Sabha elections. Hence, in order to register a visible turnaround, the government of the day should review its priorities thoroughly, identify the grey areas which affect the quality of governance at large, make the delivery mechanism more effective, transparent and equitable at the ground level, stop wastage of resources at all levels and implement the existing welfare programmes passionately & speedily to improve the quality of life of the poor & disadvantaged population of rural Bihar. Undoubtedly, Bihar has immense potential to register far better rate of economic growth with equitable justice than any state in Indian Union.''

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'Live Mint' story on 11.02.13 : India’s growth slowdown rooted in structural issues

Comments of Milan K Sinha
11 Feb, 2013 10:30 PM

Everyone knows well that our economy is not doing well for quite some time now. Revision and re- revision of estimated Gross Domestic Product (GDP), Fiscal Deficit (FD), Current Account Deficit (CAD) and other economic & financial indices is being worked out as a desperate attempt at the fag end of the year to make the figures look  not that bad to affect the electoral prospect of UPA partners in the ensuing 16th general election. Going by the available economic data coupled with political indecisiveness at the apex level even on economic issues concerning the general well being of millions of common people, it is but natural for the citizens  of the country to be highly apprehensive of further escalation in prices of essential commodities  due to likely imposition of tax burden in the ensuing rail and general budgets to be announced  later in this month. The implication of slow down in economic growth, we know well, is and  would be fatal as far as job creation, implementation of welfare schemes, external debt & interest servicing,investment prospects etc. are concerned. Undoubtedly , this is a big setback for the country. 

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                                                           Will meet again with Open Mind. All the Best.

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