In governance, the desirability of decentralization is passé. First, the technology has enabled us to cut the replication of efforts and streamline our services. Secondly, in the growingly globalized world, as a national economy, we must compete as a cohesive unit, as the multi-level regulations and interference would impede our competitiveness. We must have independent national regulators like RBI and SEBI to oversee the functioning of our commons. The Indian intelligentsia must raise their voice now, in unison, for reversing the earlier academic fetish for decentralization. This is the time for de-decentralization.
Niraj Kumar Jha