05-20-2012, 12:25 AM
Sirs,
On the link below is an 8 page Economic & Strategic Impact Assessment of the Jan Lokpal Bill... in terms of what it means for India ... in Economic Parlance.
http://www.slideshare.net/Ashish.Puntamb...okpal-bill
Very briefly, the bill will bring about a very transparent investment regime that will catalyze the following impacts :
1. Help to nearly Triple Indian GDP from US $ 1.8 Trillion currently ... to US $ 4.5 Trillion by 2025
2. Triple FDI inflows from US $ 25.83 Billion ( 2009 - 10 ) ... to US $ 75 Billion by 2016
3. Create 60 Million New Jobs by 2025 ... Details in Annexure 1 of attached PDF File
The truth is that the Argument in favour of the Jan Lokpal Bill is 90 % Economic and ... that debate has not even started ( in Parliament , In Industry, in the Media etc ). [color="#FF0000"]If Parliament did not discuss the Economic Impact of the Bill , what did Parliament talk about ?[/color]
There is a need to move beyond the Clauses of the bill and the other issues that vested interests are bringing up to scuttle the movement and look at the Hard Numbers ( Described above ) instead.
While there may be different views on the Investment Multiplier impacts that I have considered in my analysis ( Annexure 1 ) , the fact is that the scale of Impact will still be huge. As the economy expands into a US $ 4.5 Trillion economy, Government Employee salaries will also
rise very considerably within the Central and State Governments.This will reduce the incentive for corruption.
Those against the bill are saying that the Lokpal Institution will need 55,000 Employees ... what they are not telling us is that the Lokpal bill will also create an Investment environment that will generate 60,000,000 New Jobs. The impact is so huge that we need a national debate on the Economic impact of this bill to get a better grip on the numbers. A Team of senior Economists can be trusted with this task.
On the cautious side, certain clauses within the Jan Lokpal Version ( i.e Inclusion of the Prime Minister and Higher Judiciary) however need to be removedto safeguard our democracy. Other than these 2 - 3 clauses, this bill is just what the economy needs.
From a Strategic Viewpoint it is necessary to Focus on just the Economic Impact of the Jan Lokpal Bill.This is, as I have said earlier , 90 % of the Argument in its favour. Today GDP Growth rate has fallen drastically to 6.1 % ( In the 3rd Quarter of 2011 - 12 ) and the
Major Credit Rating agencies have downgraded India as an investment destination ... primarily due to lack of transparencyand Corruption in all Govt.Deals and Licenses.The Rupee is also falling.
Everyone in this country apparently has been looking at the Clauses ... and stuff like that. Absolutely NO ONE has Looked at the Strategic Big Picture Impact of the Bill. There is a need to do this.
Sincerely,
Ashish Puntambekar
Project Designer
The Indian Education Megaproject ... An Alternative to the RTE ... Free Education for 126 Million Children ... Without Budgetary Support
http://www.nataraja.org.in/masseducationproject.htm
& The Mumbai Megaproject
http://www.nataraja.org.in/site_includes...r_2011.pdf
Noteable Responses :
1. Mr. Bharat Karnad of the centre of Policy Research ( New Delhi ) had included a reference
to my Analysis in his Article in the Indian Express. The article is on the Indian Express
website and available on the link below :
http://expressbuzz.com/search/people%E2%...07600.html
Paragraphs 6 & 7 contain the reference.
2. Professor Bibek Debroy has posted his response on the Economic Impact of the Lokpal Bill
on the Economic Times Website :
http://blogs.economictimes.indiatimes.co...-of-lokpal
On the link below is an 8 page Economic & Strategic Impact Assessment of the Jan Lokpal Bill... in terms of what it means for India ... in Economic Parlance.
http://www.slideshare.net/Ashish.Puntamb...okpal-bill
Very briefly, the bill will bring about a very transparent investment regime that will catalyze the following impacts :
1. Help to nearly Triple Indian GDP from US $ 1.8 Trillion currently ... to US $ 4.5 Trillion by 2025
2. Triple FDI inflows from US $ 25.83 Billion ( 2009 - 10 ) ... to US $ 75 Billion by 2016
3. Create 60 Million New Jobs by 2025 ... Details in Annexure 1 of attached PDF File
The truth is that the Argument in favour of the Jan Lokpal Bill is 90 % Economic and ... that debate has not even started ( in Parliament , In Industry, in the Media etc ). [color="#FF0000"]If Parliament did not discuss the Economic Impact of the Bill , what did Parliament talk about ?[/color]
There is a need to move beyond the Clauses of the bill and the other issues that vested interests are bringing up to scuttle the movement and look at the Hard Numbers ( Described above ) instead.
While there may be different views on the Investment Multiplier impacts that I have considered in my analysis ( Annexure 1 ) , the fact is that the scale of Impact will still be huge. As the economy expands into a US $ 4.5 Trillion economy, Government Employee salaries will also
rise very considerably within the Central and State Governments.This will reduce the incentive for corruption.
Those against the bill are saying that the Lokpal Institution will need 55,000 Employees ... what they are not telling us is that the Lokpal bill will also create an Investment environment that will generate 60,000,000 New Jobs. The impact is so huge that we need a national debate on the Economic impact of this bill to get a better grip on the numbers. A Team of senior Economists can be trusted with this task.
On the cautious side, certain clauses within the Jan Lokpal Version ( i.e Inclusion of the Prime Minister and Higher Judiciary) however need to be removedto safeguard our democracy. Other than these 2 - 3 clauses, this bill is just what the economy needs.
From a Strategic Viewpoint it is necessary to Focus on just the Economic Impact of the Jan Lokpal Bill.This is, as I have said earlier , 90 % of the Argument in its favour. Today GDP Growth rate has fallen drastically to 6.1 % ( In the 3rd Quarter of 2011 - 12 ) and the
Major Credit Rating agencies have downgraded India as an investment destination ... primarily due to lack of transparencyand Corruption in all Govt.Deals and Licenses.The Rupee is also falling.
Everyone in this country apparently has been looking at the Clauses ... and stuff like that. Absolutely NO ONE has Looked at the Strategic Big Picture Impact of the Bill. There is a need to do this.
Sincerely,
Ashish Puntambekar
Project Designer
The Indian Education Megaproject ... An Alternative to the RTE ... Free Education for 126 Million Children ... Without Budgetary Support
http://www.nataraja.org.in/masseducationproject.htm
& The Mumbai Megaproject
http://www.nataraja.org.in/site_includes...r_2011.pdf
Noteable Responses :
1. Mr. Bharat Karnad of the centre of Policy Research ( New Delhi ) had included a reference
to my Analysis in his Article in the Indian Express. The article is on the Indian Express
website and available on the link below :
http://expressbuzz.com/search/people%E2%...07600.html
Paragraphs 6 & 7 contain the reference.
2. Professor Bibek Debroy has posted his response on the Economic Impact of the Lokpal Bill
on the Economic Times Website :
http://blogs.economictimes.indiatimes.co...-of-lokpal