It was a choice between a “stable” and “coalition” government that country’s leading economists made during an event at Indian Institute of Management-Ahmedabad (IIM-A),where they voiced their personal choice of attributes they sought in the next government that will come to power after the 2014 Lok Sabha elections.
“I hope a stable and decisive government comes to power,” said C Rangarajan,chairman of Prime Minister’s Economic Advisory Council (PMEAC) while answering questions posed by B-school students at IIM-A’s annual business summit,’Confluence’.
However,Ajit Ranade,an economist and political analyst,currently serving as the President and Chief Economist of the Aditya Birla Group preferred a coalition government born out of a fractured mandate. “If the Congress party comes to power (with a decisive mandate). They would have learnt the wrong lessons of populism. If the BJP comes to power,then they will be embolden to follow a certain social agenda,” Rande said explained that he preferred a coaltion government. “The country’s growth has also not been hampered due to coaltion governments that came to power in the past,” he added.
Former CAG,Vinod Rai who was the third speaker at the session on ‘The Global Turmoil and The India Story’ said that it would be interesting to see which way the decisive group of voters in the age group of 18-25 years votes during the Lok Sabha polls.