Great economists and price rise

When elections are away what could have been expected of the Central Government to offer to people through the budget. Hence, people have to swallow bitter pills of price rise till elections are round the corner. The budget and the trend of price rise for the last about two years have established it beyond doubt that there is a vast gap between myth and reality and that theoretical knowledge doesn't necessarily mean that one has practical knowledge too.

Prime Minister Manmohan Singh is projected as a great economist by the Congress leaders but his liberalisation policy he introduced in the capacity of Finance Minister under stewardship of the then Prime Minister Narasimha Rao, fails to deliver good to society.

A section of people has benefited in the country and they have got only richer by the day but over 40 per cent of people are still under below poverty line who have to struggle hard to make two square meals. Farmers committing suicide came to light only during liberalisation era. There is often the talk of a trio Manmohan Singh, Montek Singh Ahluwalia and Pranab Mukherjee being unable to address the country's problems. I am not surprised. Any policy, concept visualised in airconditioned rooms cannot work until and unless one feels the pulse of people at the grassroots level.

I have no hesitation in saying that Manmohan Singh has never been a poor man's economist. He is upper class's economist, hence the poor man's pain and plight will not be reflected in his decisions and policies. If people in India are able to cope up with price rise it's due to their habit of savings and not going for extravaganza and also inherent resilience in them to cope up with challenges.

If the UPA government or its ministers take the plea that price rise is due to a world phenomenon the question is how these great economists failed to apprehend the situation what a common man cannot do.