Topic of Discussion: India`s Growth - Story - Political Economy & Liberalisation Part II (Mr. Arun Jaitley ,Member of Parliament, Former Law Minister & BJP spokesperson).
Speaker:
Mr. Arun Jaitley (Member of Parliament, Former Law Minister & BJP spokesperson).
Abstract:
India is growing very well in context of political economy and political democracy. These developments brought out many success stories like one in telecom sector, which was a result of introduction of private players in telecom sector which resulted in reduced prices, wide coverage, better service & employment. In the same way, because of liberalization of political democracy other sectors like education sector,housing & real estate sectors have also seen a prosperous growth.
All these developments brought out some very good results, amongst them the most important one being generation of employment. All the sectors of India have a capability of becoming world masters if provided with adequate support from the Government. Still there are some sectors which are still totally working under strict monopolies like our defense sector in which still no private players are allowed to contribute in the production of arms and equipments but foreign players even private ones are allowed to that. Thus these loopholes of our economy have to checked out and have to be given a proper and better solution.
All these developments brought out some very good results, amongst them the most important one generation of employment. All the sectors of India have a capability of becoming world masters if provided with adequate support from the government. Still there are some sectors which are still totally working under strict monopolies like our defense sector in which still no private players are allowed to contribute in the production of arms and equipments but foreign players even private ones are allowed to that. Thus these loopholes of our economy have to checked out and have to be given a proper and better solutions
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