It is time to put in policies that will engender 'austerity for growth' model voiced by the Governor. Post liberalization, we moved to consumption led growth. While we moved a long way unwinding may be difficult but not impossible as the culture of India still rests on austerity. We have to re-set our priorities. State must get back to making available education and health within the easy reach of common man. Today they can be accessed only by the rich. It is the rich that capture media stories. We need to capture those stories where austerity in families led to greater elevation in them both in richness and diversity. Due to policy distortions intellect migrated to west but are now forced to return only to find that there would be disharmony in their living if they somehow do not acquire riches of the size they enjoyed thus far abroad. This is leading the youth into unwelcoming ways. Regulations have become relaxed when it came to outfits like the pubs and bars etc. Now there should be serious thinking on resetting priorities and the routes to growth.
- Yerram Raju
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