ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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No Room for Consensus

No Room for Consensus THE government has sought a national consensus on the economic policy measures it proposes to take. Admitting that "the economy is in a crisis", prime minister Narasimha Rao said in his address to the nation on June 22 that in dealing with the cirsis "we should rise above sectional interests and partisan politics". The newly-appointed finance minister, at his first press conference three days later, similarly called for a general agreement on the tackling of the economic problems facing the country. The fact of the matter, however, is that, in the brief period the government has been in office, it is amply evident already that, even as it has talked about the need for a consensus, its approach to the problems facing the economy is nothing if not partisan, revealing which sectional interests it considers sacrosanct and which expendable. This is true not only of what has been disclosed so far about the specific economic measures the government intends to pursue or of its view of what causes have led to the present impasse, but even of its perception of the content of the economic crisis itself.

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