India should abolish the Planning Commission

“The only way to frontally address poverty is to raise the growth to double-digits and sustain them for a couple or three more decades”
- T.N. Srinivasan

More advice to Indian government from Professor Srinivasan;

“The other thing is rethinking of economic management. After all, the Indian Constitution was passed in 1950 and India's Planning Commission was instituted, this is an extraconstitutional body by resolution of the Cabinet in 1950. Planning has gone everywhere else into the dust bin of history. Even China does not call its program anywhere Eleventh Five-Year Plan, but India still continues with this nonsense. So a rethinking of the whole system of economic management from fiscal federalism to what I have proposed, to abolish the Planning Commission, to be reconstituted as the Fund for Public Investment, because that is what it is. It is focusing on doing the public investment more efficiently, and financing it more effectively. That is what they should be doing. So that is necessary.”