Parakala Prabhakar said that the BJP’s attack on Nehruvian economic framework is nothing more than a political assault and can never graduate to an economic critique.
Finance Minister Sitharaman’s husband Parakala Prabhakar has said that the government is in denial mode about the economic slowdown.
In a column for The Hindu, Prabhakar has said that while sector after sector is facing a rather challenging situation, the BJP government is yet to “show signs that it has come to grips with what ails the economy”.
In a critique of the BJP government, Prabhakar said that there is very little evidence to show that the BJP government has a strategic vision to address the challenges.
Explaining the problem with the government’s ways of handling the crisis, Prabhakar added that BJP has an ‘inexplicable reluctance‘ to develop its “own coherent set of ideas about the country’s economy”.
They may have mocked him for years without having an iota of knowledge how an Economy as big as that of India runs,but at the end of the day,Dr Manmohan Singh & his Reform Model continues to be the— Somen Mitra (@SomenMitraINC) October 14, 2019
Ultimate Benchmark Of Development
for the Indian Economy. https://t.co/BOy5Ubvqsr
He said that while the rejection of the Nehruvian ideas of socialism has always been clear with the BJP, but its own advocacy can at best be “loosely termed as capitalist, free market framework”, which has remained untested in practice.
Sitharaman’s husband mentioned in the column,”The party’s economic ideology and its articulation were limited to mainly critiquing the Nehruvian model from the fringes of the political spectrum.”
Embrace Rao-Singh policy on the economy or the leadership will 'continue to be offered to the BJP by the shouting analysts on television and in WhatsApp forwards.' This is India's finance minister's husband ladies and gentlemen. Absolutely must-read. https://t.co/r1xvHcy3ri— Rifat Jawaid (@RifatJawaid) October 14, 2019
Finance Minister Nirmala Sitharaman's husband, Economist Parakala Prabhakar, calls out Govt's bluff on economy, says BJP Govt is in denial mode, should seek lessons from Narsimha Rao-Manmohan Singh model.— Gaurav Pandhi (@GauravPandhi) October 14, 2019
The Ministers are high on power, away from realityhttps://t.co/4lnwln2fmq