[Dec 2007, Volume 4 Quarterly Issue] Pdf File size - The IIPM Think ...

MORE MARKETS, LESS GOVERNMENT
gressive society holds the key towards this
conflict resolution and for which government
has to take a proactive role through an
efficient functioning of the governance
framework. However in this regard one
should mention the role of an important arm
of the governance framework of India viz.
the Administrative Services. It is absolutely
essential in India to create an accountability
system for the civil servants of the country.
Such accountability could be created by efficient
reviewing and monitoring of the performance
of the civil servants. The civil society
has to take a proactive role in
questioning the role of the civil servants of
the country on a regular basis by monitoring
of the performance of the civil servants,
which has to be target oriented. One could
also think of incorporation of efficient managers
in different arms of governance of the
country. The governance framework could
be led by these managers and the research
inputs for further direction for managers
could come from civil society. These are
some of the roads, which have to be traversed
in modification of the existing governance
regime in India to translate the
growth story of India into a larger developmental
story also.
Conclusion
Thus it is clear from the above stated analysis
that if India has to be reimagined it has
to be done in a holistic way. Such a reimagination
would include an efficient functioning
of market along with an effective functioning
of the government through reduction
of corruption and rent seeking activities. It
would also mean an effective governance
framework which would mean government
with a target oriented role towards reduction
of corruption, hunger, death rates, school
drop outs etc. It would also mean a proactive
government, which contributes towards
creation of a well debated progressive society
through a reduction in conflicts across
states of India. Thus given the paradigm of
development in which India is moving, the
time is apt to imagine future India with an
efficient role of market in certain segments
of the economy along with proactive, efficient,
accountable government functioning
to create a trickle down effect of the growth
towards its development.
End Notes
1
www.oecd.org/dataoecd/17/52/39452196.pdf
2
www.foreigntradepolicy.com/main_
policy.htm
3
Emerging Structure of Indian Economy:
Implications of Growing Inter -
Sectoral Imbalances, T. S. Papola
Director, Institute for Studies in Industrial
Development, New Delhi, Presidential
Address, 88 th Conference of The Indian
Economic Association, Andhra
University, Vishakhapatnam, December
27-29, 2005; isidev.nic.in/pdf/presAdd_
IEA05.pdf
4
http://hdr.undp.org/en/statistics/
5
Jha P & Negre M Indian Economy in the
Era of Contemporary Globalisation:
Some Core Elements of the Balance
Sheet, www.macroscan.com/anl/may07/
pdf/Indian_Economy.pdf
6
The Challenge of Hunger 2007 Global
Hunger Index: Facts, determinants, and
trends; Measures being taken to reduce
acute undernourishment and chronic
hunger, Bonn, October 2007, published
by Welt Hunger Hilfe, International Food
Policy Research Institute, Concern
7
www.transparency.org/publications/gcr
8
www.adb.org/Documents/Fact_Sheets/
IND.asp
9
www.heritage.org/research/ features/index/country.cfm?id=India
- 15k -
10
“India ranks 69th in global economies
freedom index”, 4 sep, 2007, Economic
Times. economictimes.indiatimes.com/
articleshow/2337548.cms
References
• The Economic Times. economictimes.
indiatimes.com/articleshow/2337548.cms;
“India ranks 69 th in global economies
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1 st October 2007
• Goswami, A. Chakraborty, P, Inequality
in Indian Economy, Studies in Indian
Economy, Vol. II/ edited by K. R. Gupta;
New Delhi, Atlantic Pub., 2007
• Jha P & Negre M Indian Economy in the
Era of Contemporary Globalisation:
Some Core Elements of the Balance
Sheet , www.macroscan.com/anl/may07/
pdf/Indian_Economy.pdf, accessed on 1 st
Nov 2007
• http://hdr.undp.org/en/statistics/ accessed
on 30th October 2007
• Welt Hunger Hilfe, International Food
Policy Research Institute, Concern , The
Challenge of Hunger 2007 Global Hunger
Index: Facts, determinants, and
trends; Measures being taken to reduce
acute undernourishment and chronic
hunger, Bonn, October 2007,
• www.oecd.org/dataoecd/17/52/39452196.
pdf accessed on 2 nd Nov 2007
• www.foreigntradepolicy.com/main_policy.htm
accessed on 2 nd Nov 2007
• www.transparency.org/publications/gcr
accessed on 2 nd Nov 2007
• www.adb.org/Documents/Fact_Sheets/
IND.asp accessed on 2 nd Nov 2007
• www.heritage.org/research/ features/index/country.cfm?id=India
- 15k – accessed
on 2 nd Nov 2007
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