Should businessmen run the finance ministry?

In my view business man must be finance minister because he know the business well so that he can make policy like that only. It will not help the individual only it will help the whole country.

In my opinion, a businessman should not be a finance minister or even a businessman must not interfere in social works or social obligations. The reason for this is the businessman is not a socially outwarded person a businessman always expects a profit. And as in the finance ministry, a minister must not be profit-oriented and "the main goal of any minister social working i.e. Work for the people in the economy. A businessman is a self centered person whereas any member of the ministry is social among the people and society.

I think that businessmen can run the finance ministry as they have the same objective as that of finance ministry and that is make profit. They can also bring name and fame like businessmen like TATA's, reliance etc. So they can help to make our country financially strong in the front of whole world.

It cannot be said that a businessmen will not make good minister as we do not know his personal background so it cannot be generalized whether a business man can make a good minister. But it appears less likely for businessmen to fit in the chair of finance minister, taking into consideration various perspectives which a minister has to work on simultaneously.

The motive of business man is towards profit than ethics and values. The minister is one elected by people through election, this means that he is the representatives to plan the Economy, making the policy which helps all categories of people in the society. Moreover the minister and BM can share ideas to build the nation economy. But the control should be with FM.

I think businessman run the finance ministry is perfect in some issues. Those are every good businessman knows that how to handle financial matters. I mean how to increase growth of the income of a country. He/she can handle inflow and outflow of money. Businessman wants profits I agree, but as a finance minister businessman want to increase growth of income status. Finance ministry does not applicable to one individual or firm, it is applicable to whole country finance.

So, I think business man is perfect for finance ministry but he/she knows first what is finance ministry, what activities undergone on this, how to handle it, reaction due to small mistake under this. Once he/she knows all this then businessman run the finance ministry well.

Hello, Myself Rahul.

I’m an investment banker. So no businessmen shouldn’t be in the finance minister’s position as they are more of profit hunger mentality people and will only look with the perspective of the growing economy of the country which will lead to less budget for benefits for the lower middle class and poor people.

And in a country where these kinds of people are in majority then would be as good as we are abandoning the majority of the country for a few people.

Hello everyone,

I'm Aman Dewangan and I'm glad to take the opportunity to start the discussion on topic stated by sir/ma'am that is "should businessman run finance ministry".

In my opinion, businessman should not run the finance ministry because business men is a personality who always seeks for profit and if business man run finance ministry then definitely he/she will make profit and help to improve country's GDP but that would not be the sustainable growth the lower level.

Yes, I strongly agree with this statement.

In real world, it does not always mean that the degree you hold or the qualifications should align with the job you do.

In fact, it is the work experience that carries more value than qualifications.