Left Menu
Development News Edition

Economic slowdown due to liberalisation policy started in 1991: Govindacharya

RSS ideologue and an ardent advocate of the swadeshi movement, KN Govindacharya on Friday blamed the continuation of liberalisation policy initiated in 1991 for the current economic situation of the country and warned the government of consequences of blindly following the US.

ANI | New Delhi | Updated: 13-09-2019 18:42 IST | Created: 13-09-2019 18:42 IST
Economic slowdown due to liberalisation policy started in 1991: Govindacharya
KN Govindacharya. Image Credit: ANI

RSS ideologue and an ardent advocate of the swadeshi movement, KN Govindacharya on Friday blamed the continuation of liberalisation policy initiated in 1991 for the current economic situation of the country and warned the government of consequences of blindly following the US. Talking to reporters ahead of the two-day national convention of Rashtriya Swabhiman Andolan, founded by him, the former BJP General Secretary (Organisation) said that growth models must be focussed on "eco-centric development".

"The current recession in the economy is due to the policy of liberalisation started in 1991. The manufacturing has gone down, the contribution of agriculture in GDP has reduced," he said. Govindacharya added that he would not get into political acrobatics and that who is responsible for it, either former Prime Minister Manmohan Singh or Prime Minister Narendra Modi.

He said it was now time for India to adopt the concept of "nature-centric development" as a paradigm instead of consumption-based GDP estimation. Ecological Sustainability should be the basis of development and the rights and interests of the weakest person in the society should be protected.

"We must set a favourable example for the world by balancing prosperity with Indian traditions and culture. Enrichment of nature is development," he said. He said that the experience of liberalisation has shown that there has been an increase in rural poverty while employment opportunities have come down drastically.

"The concept of development has been completely distorted in the last 200 years. the hegemony of the state and immoral marketism did not result in the creation of a healthy and interdependent society," he said. He said land-to-people ratio in India is different compared to other developed countries and if India follows the path of the US then there will be a danger of the country ending up on the lines of Brazil.

"Till 2014 Brazil was also included in the fast-growing economies of the world, after that it fell a victim of severe depression," he warned. Govindacharya, when he was a BJP general secretary, had taken a two-year sabbatical to study the 'Impact of globalisation in the civilisational context and the alternatives'.

He said India's agricultural sector feeds crores of people and also generates maximum employment. He said wrong policies of the governments had led to rise in unemployment in the farm sector.

"Due to the import of agricultural products, farmers were not able to get the right price for their crops and the crisis of unemployment was further deepened," he said. He said the government will have to focus on industries based on agricultural products, lay emphasis on the production of pulses and oilseeds besides food processing.

"This will also solve the unemployment crisis," he said. Govindacharya's reaction came at a time when the opposition has been targeting the government over an economic slowdown.

He said the need is to "revive the belief that the nation has the resources, the capability, the alternatives to sustain its development. (ANI)


TRENDING

OPINION / BLOG / INTERVIEW

South Africa's COVID-19 response: Surprising outcomes or just poor data management?

South Africa has been committed to improving its health information system and shows that a robust digital has considerable scope to improve healthcare for the entire population. But the COVID-19 pandemic has highlighted that significant ga...

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Videos

Latest News

Tennis-Watson concerned about future of British tennis

Heather Watson has painted a bleak picture of the future of British tennis and called on its governing body to provide more support to promising young players. Watson joined compatriots Andy Murray, Johanna Konta, Dan Evans, Cameron Norrie ...

UNICEF saddened at killing of four children in Baghdad

UNICEF is saddened and shocked at the killing of four children, all under the age of 10, and three of whom were siblings whilst another child was injured, when a rocket fell on their house in Baghdad yesterday.UNICEF condemns all acts of vi...

Lionel Messi says it's time for Barcelona to unite

Lionel Messi wants to put his dispute with Barcelona behind him and called for the club and its fans to unite. In only his second interview since unsuccessfully pushing for a transfer in the offseason, Messi said Barcelona will be stronger ...

3 Railway workers arrested in Andhra for illegally transporting liquor

Three railway workers were arrested here on Tuesday for illegally transporting liquor from Telangana to Andhra Pradesh, the police said. Liquor was allegedly being transported in a railway scrap lorry from Hyderabad to Vijayawada. Krishna p...

Give Feedback