financetom
Economy
financetom
/
Economy
/
Jagdish Bhagwati's prescription for Congress: Shrug dynasty politics 
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Jagdish Bhagwati's prescription for Congress: Shrug dynasty politics 
Sep 27, 2019 6:41 AM

The 2019 general elections saw the Congress Party reduced to 52 seats in the Lok Sabha. Since then Rahul Gandi has quit has the party chief and this forced Sonia Gandhi to become the interim president of the party.

In an exclusive interaction with Network 18's Bhupendra Chaubey, renowned economist, Jagdish Bhagwati, has said that the Congress party needs to shrug dynastic politics rejuvenate itself. The professor of economics and law at Columbia University is notable for his research in international trade and for his advocacy of free trade.

When asked if the Congress party can bounce back, Bhagwati said, “As long as there is a dynasty, how can they? You have to have new fresh blood coming in. This is the problem with the Congress party. I have nothing against Indira Gandhi and her son but as long as they are there, nobody can come up in the system at all. If young blood is not there, how can you rejuvenate yourself? People like us in the middle and upper middle class cannot take this because dynasties anywhere don’t appeal to people. People want free entry.”

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CBO sees US deficits rising over 30 years, economic growth slowing
CBO sees US deficits rising over 30 years, economic growth slowing
Mar 27, 2025
WASHINGTON (Reuters) - The U.S. Congressional Budget Office on Thursday projected significant increases in federal budget deficits and debt over the next 30 years, in part due to rapidly rising interest costs, as it sketched out sluggish economic growth and a shrinking workforce. The CBO's latest long-term budget projections show federal deficits accelerating to 7.3% of the economy in fiscal...
Trump's auto tariffs complicate Fed's deliberations on rates
Trump's auto tariffs complicate Fed's deliberations on rates
Mar 27, 2025
(Reuters) -President Donald Trump's permanent 25% tariff on imported autos has expanded the global trade war, feeding expectations for higher prices for cars and other products, but doing little to settle the debate about how policies of his two-month-old administration will affect the U.S. economy. With more tariff announcements looming next week, Federal Reserve policymakers remain in a holding pattern...
US Debt To Explode Past World War II Highs, Threatens Growth For Decades: CBO
US Debt To Explode Past World War II Highs, Threatens Growth For Decades: CBO
Mar 27, 2025
The U.S. economy is heading towards a historic surge in public debt, one that's set to eclipse wartime records and cast a long shadow over future economic growth and policy freedom. In a report released Thursday, the Congressional Budget Office unveiled its latest long-term budget outlook. It forecasts U.S. fiscal and economic trends over the next 30 years. The message...
Midwest Manufacturing Contraction Unexpectedly Improves, Kansas City Fed Says
Midwest Manufacturing Contraction Unexpectedly Improves, Kansas City Fed Says
Mar 27, 2025
03:59 PM EDT, 03/27/2025 (MT Newswires) -- Manufacturing activity in the US Midwest region unexpectedly moved into a shallower-than-expected contraction this month, the Federal Reserve Bank of Kansas City reported Thursday. The composite manufacturing index edged up to minus 2 in March from minus 5 in February. The consensus was for an index reading to remain unchanged at minus 5,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved