PETALING JAYA: The success of the Malaysian Indian Blueprint’s (MIB) is through stringent monitoring and engagement between stakeholders, say economists.
While the MIB is noted as a positive step by the Government to recognise the plight of the bottom 40% Indian households (IB40), effective execution is also critical.
Economist Dr Yeah Kim Leng said the key thrusts in MIB to lift the Indian community covering various issues, in many ways emulates the New Economic Policy that uplifted a large segment of the bumiputra population.
“Effective execution is critical to its success. Support by all Government agencies and the private sector is also vital.
“It is also important that the higher 20% and middle 40% Indian households income group become role models and assist in implementing, monitoring and evaluating the MIB, given the higher intra-group inequality,” said Dr Yeah.
Monitoring of the implementation of the blueprint, he said, could be done in terms of having conditional BR1M-type income transfers that are linked to educational achievement of children from low income families.
“Poor families, especially single parent and those with many children, are given priority in income generating and business financing opportunities,” he said.
Institute for Democracy and Economic Affairs (Ideas) chief operating officer Tricia Yeoh said many of the issues that MIB will address have been long-standing problems faced by the Indian community, especially statelessness, poverty and education opportunities.
“If, as the report targets, these challenges are resolved within the next 10 years, they will certainly contribute to their upward social mobility,” she said in an interview yesterday.
Yeoh said the “more ideal situation” is when Government policies are not based on race but socio-economic needs which ensures education opportunities, for example, for all communities.
“Despite what looks like a sound blueprint on paper, it will be best to monitor the policies the Government says it will implement within the MIB before hailing it as an end-all solution to the plight of the Indian community,” she said.
The MIB, launched by Najib on Sunday, sets specific targets and policies to address the plight of Indians.
The blueprint for the next 10 years contains solutions to several key issues such as education, improving livelihoods and better social inclusion.