Wake-up call for the long haul
Having said that, one must give it to the Plan panel to have pulled the cat out of the bag and tell all in the government that the situation is grim. Often criticised for printing bulky volumes of five-year Plans over the last many decades, the Planning Commission seems to have taken a different approach in drafting the Five-Year Plan starting this financial year.
One would now like to imagine that Yojana Bhawan pundits have rolled up their sleeves and got down to the nuts and bolts of this policy logjam. It is learnt that the over-riding theme of the 1,000-page draft Plan document that is split into three volumes is the “mis-trust” that people have in the very process the government adopts to address issues. This is a fundamental problem and digs into the core areas of governance, accountability and transparency that any polity must provide.
For example, a big reason for the dramatic growth slowdown is power plants not getting coal. Even if they did get the needed fuel, power producers are unable to sell electricity