Dhaka, Bangladesh
Sanctity of Economic Advisory Council in India

Sanctity of Economic Advisory Council in India

Economic Advisory Council is an autonomous body in India which is non-constitutional and independent body which is engaged in the task of advising the government of India in various economic and other priority matters of common interest. All around the globe this council is omnipresent but the style of functioning as per Indian perspectives are concerned the council needs to be interpreted from a different angle. The reason but the Indian economy is run purely on the basis of political whims and caprices with ruling party does the maximum ground work for country's growth in comparison with other countries of the globe. But who is going to take note of it? It is the public of India who will raise mass campaign about the functioning of all economic bodies with the backing of economists and technocrats so that operations of EAC and other economic bodies run peaceful and without any political interference. Now Indian political culture has become so restive that is why our economic bodies are unable to function properly thereby spearheading the bodies into a state of utter doldrums. So we should transform the functioning of all economic bodies in such a manner that there lies no disruption in its proper and meticulous functioning of all economic bodies in the capital city of India New Delhi and other Union territories of the country. Advantages of Economic Advisory Council in India: There are4 various advantages associated in regard to the formation of Economic Advisory Council (EAC) in India. Some of the common ones are stated as follow: Step up economic growth of India. Implement all governmental measures so that growth process takes place properly and effectively. Expert opinions are paid due importance. Emphasize upon focusing areas for economic growth of the country so that she is able to compete with other super economic powers of the globe. Functions of Economic Advisory Council in India: There are various functions deeply allied in regard to proper operation of EAC in India. Some of the common ones are stated as follow: Analyze the present economic situations of India. Steep focusing upon all macroeconomic issues the country is facing at present. Regular submission of all macroeconomic issues to the Honorable Prime Minister of India so that growth process take place on a much faster pace. Advise to the Prime Minister of India about opening up of new business opportunities, opening up of new steel plants and also various other industrial units in different parts of the country. Economic Advisory Council should be allowed to function apolitically. Regular monitoring of economic activities. Economic Advisory Council should not be treated as a political body: In India there has been a tendency that all economic bodies are treated politically. In this regard what we evince is that whether any economic decisions are taken up by the government of India should be supported politically thereby the sanctity of having Economic Advisory Council badly dies down thereby development processes are badly thwarted out. Thus in order to compete globally Economic Advisory Council of India should be allowed to function in a nonpartisan and apolitical manner. Summing up the above stated views one point should be cleared in our mind is that we must make full and proper use of Economic Advisory Council bodies as a nonpolitical one so that development activities are undertaken on a large scale macro basis.

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