What a load of bull this is. Just putting a Prof in front of your name doesnt make you an expert. Which brilliant university do you come from or work at? Do you even have a PhD? (I doubt, and if so, you are not supposed to use the title Prof without a PhD). Manmohan singh graduated from the London School of Economics and PC from Harvard, both #1 and #2 economic schools in the world. Manmohan Singh was the head of RBI as a bureaucrat before he joined politics. For your information PC reduced income taxes to max slab of 30% when he was the finance minister the first time. Before that it was ~40/50%. Average price increase of 15-20% per annum in the last few years? Are you high? Inflation in India hasn't crossed 5% in the last few years. In fact it's been at that level even when BJP were in power. SEZs are failures? Wow, sir, you are quite astute, I must say. China's economy runs only on SEZs and you, in all your wisdom have concluded that SEZs dont work. SEEPZ is an SEZ in Bombay, and it's been hugely successful even before economic reforms. What has failed is India's socialistic model. 50 years of socialism has been about making it hard for anyone to make money, so that economic disparities are minimized. Socialism in India was more about impoverishing the rich than enriching the poor. We took this cap off and see where Infy, TCS, Wipro, Tata have reached. And this is only the beginning...
India's tax levels are lower than they've ever been so dont make stuff up. Finally "Goverenment should focus imediately on arresting price rise of real estate and its roll back, reducing retail level infaltion to 4-5 % maximum,moderating taxes imposed on people and generate employment. ", you said. Inflation is 4-5%. Taxes are low-moderate, if you compare it to pre liberalization India. How can the government have low taxes and generate employment at the same time? Where does the capital to generate employment come from? If you run the economy on a deficit, doesnt your inflation go up, "professor"?
