Should businessmen run the finance ministry?

Finance ministry shall lead by a person with vision, who concern people welfare in society (Low, middle, upper classes) along with policies that benefits both government sector and private to improve funds flow in the nation where both are responsible for revenue generation. Its not like businessmen but a person with economics background and ability to face crisis at times to take 'right decisions' is preferable. A decision make impact on nations population whether positively or negatively as decision. So decision making is key factor and should be convincible to all sections of people.

So it is completely depends on person attitude towards nations welfare such that he/she can lead this job well.

No I think that business man should run the finance ministry because politician with no knowledge about the finance but then also they became the finance ministry. An educated man could led the nation very nicely don't you think?

Country like america, japan, Russia and any other developed country are having that businessman only run the government and the finance ministry so for the development of our nation we should make the businessman to run finance ministry.

Yes, that is correct thing in my knowledge in present time because private sector is best sector than public sector for good management.

Finance Ministry is run by Hon. Finance Minister who is a politician. There are many businessmen as politician. Many businessmen are Directors in Reserve Bank of India, financial, banking and insurance sector as Government appointees. Moreover, Businessmen have wide corporate, financial, market, governance, international and social responsibility experience of value / expertize, as such, could be a useful finance minister. One basic qualification for Finance Minister position is the support and trust of the ruling party in parliament. If businessmen can garness this qualification, day is not far when a businessman will be the Finance Minister of India.

Yes, it can be possible via a preferable and veteran businessman and such kind of people can maintain the same objective as that of finance minister and that makes a profit. They can also fetch a name and fame like TATA's, reliance etc. So, they can help to make our country financially strong in front of the whole world.

Hello friends. This is a good topic but my mind is think that a business man can run partly not fully run the finance minister's job. Because finance minister's job is to think about the whole country, common peoples and also their own profits. And other side a business is just think that how to make their profit high. Now if we see at the both sides then we see the common thing is coming out from both and that is the profit of their own. So in this case, minister's one part is same to the business man. But business man does not think about the country and other poor and common people. In this case, they are different.

Why not, Is that not correct that an expert of particular field leads that department.

That is a particular problem in India that there is no criteria or qualification for who leads a particular department. It is clear that a person lawyer in profession becomes finance minister will not be as efficient as he could be in law ministry. It is same as a mechanical engineering tries to design a chip.

India not only suffers from this but has may serious problems like bureaucrats leads major department like director of aviation in DGCA, director of fertilizer and many more examples and it directly impacts our efficiency because they drag there feet while passing an order or file because of lack of knowledge.

So we should start the trend of having expert of particular field in there own departments.

Good afternoon everyone! I'm Pooja.

Today's topic is should businessmen run the finance ministry this is the most important topic.

In today's life, Yes! Definitely, they can do the finance ministry because of the finance ministry is a one the business and earn the money. Both are similar basically businesses can do also earn a profit.

Thank you.

I don't think its a good idea that a bussinessman can run a finance ministry as he would only consider about making money for his comfort only. However exception also exist so it would not be justified for all.

Hi, everyone finance minister is a very responsible person in our country, he has to think about the problem of general public. A businessman can't understand the problem of people, always they want to make the money at any cost.