WHY DO WE LAG BEHIND?
We should try to see how is our economic system working as this is te system which hits hardest and which has potential to create dissatisfaction and unrest. Like many other countries our economy is not doing well and this has been so from pre pandemic days. Entire governmental efforts to bring the economy back on the track have been focussing on supply side of the economy but almost nothing has been being done to improve the demand side. Demands comes from the consumers which form the genral populace of the country. If demand is not increasing it simply means pgeneral pollution has not improving financial status.
No serious and productive effort has been being made to improve the financial lot of the general public .
Secondly on the supply side our policies are imbalanced, ambivalent and uninovative. Supply side can be improved by bringing new labour force from the demand side and this would fulfill both demand and supply sides. This simply means increasing the number of new recruitments both in traditional and newer innovative areas of economy. But we are almost not doing anythig in this direction.
We have failed to understand the fundamental question that for whom we are working to improve our economy. Is the richer class our target group or the common masses? For whim both economy and State do exist? And by ignoring this fundamental question we deny the basic existence of the general public. We forget without improving the economic lot of our people we can't do anything good either to the State or the economy. Economy is not an apparatus only to enrich already richer people or to add value to government treasury.
But improvement of economy with its widespread positive influence on genral public is possible only when the society and the State both are working on twin objectives of universalisation of quality education and quality health facilities at affordable cost. This implies that the State has to play proactive role in both fields. And these are the objectives which can never be fulfilled by the market forces alone. Here much State action is needed.
State action is also required in the areas of social security to support those who are falling back .
But all these things which are proved in economic clinics world wide are not being discussed in this country. Those who are responsible for formulating policies are busy in fulfilling their personal goals. They never discuss these issues in public. They never try to educate the masses. Rather efforts are vehemently made to keep the masses ignorant of their demands. People are not educated that their economy misery is the outcome of anti masses pro rich public policies. Neither mainstream media which has access to the vast population discuss the issues of mass poverty. Fake news and enticing emotional issues are being dealt with in length in media. Alternative reality is being created and false narratives are propagated. Every effort is being made to strengthen the era of post truth. Take for example the farm laws. Even after lapse of months neither the power center not the media has ever tried to prove how these laws are going to serve the greater good of the farmers. Neither any effort has been made to corelate the issues of farm laws with the historical accounts of transformation of feudal society into an industrial society and no effort whatsoever has been made to support the vast farming community to transform itself into industrial community which is not possible without the help of State.
This is only a very brief discussion to prove why our country is still lagging behind in economic progress.