PUBLIC POLICY MANAGEMENT: ISSUES AND CHALLENGES

The world today is facing extraordinary challenges. Policymakers are grappling with the challenge of establishing institutions to cope with rapid changes in demography, the environment and the economy. Policymakers are part of the system in which governments must operate. This system has no shortage of external and internal forces that are constantly challenging it. Policies have been reversed or changed more frequently than warranted by exogenous changes or new information. Policymakers in India are facing an increasing number of challenges that are caused by certain types of complexity. In this complex environment the demand for good policy making development is steadily increasing. In this paper, some of the core issues like Fiscal deficit, Corruption, Governance and Infrastructure development have been discussed. The findings of the study conclude that a systematic analysis and integration prior to policy-making, i.e., cost-benefit analysis should be done and there should be greater emphasis on policy design which helps to ensure that the planned action represent a realistic and viable means of achieving the policy goals. Further, systematic means should be developed for obtaining outside inputs and strengthening relations with citizens which is a sound investment in better policy making and a core element of good governance. The present study is based on secondary data which have been collected from different sources which include Reports and Publications of Govt., annual reports of RBI and reports of various international organisations.