Mamta Vs Manmohan - economically speaking

When it comes to politics, Mamta wins hands down. 

I watched her press conference announcing withdrawal of support to UPA. Trigger for the decision, as she mentioned, were two issues - diesel price hike and FDI in multibrand retail. Both the issues economic in nature. 

Question -  does she know more about economics than Manmohan Singh? Should Mamta decide country's economic policies?

A quick comparison, (from wikipedia)-

Mamta's educational qualification - 

Banerjee graduated with an honours degree in History from the Jogamaya Devi College, an undergraduate women's college in southern Kolkata. Later she earned a master's degree in Islamic History from the University of Calcutta. This was followed by a degree in education from the Shri Shikshayatan College. She also earned a law degree from the Jogesh Chandra Chaudhuri Law College, Kolkata.

Manmohan's educational qualification -

He attended Panjab University, Chandigarh, then in Hoshiarpur, Punjab, studying Economics and got his bachelor's and master's degrees in 1952 and 1954, respectively, standing first throughout his academic career. He went on to read for the Economics Tripos at Cambridge as a member of St John's College. He won the Wright's Prize for distinguished performance in 1955 and 1957. He was also one of the few recipients of the Wrenbury scholarship. In 1962, Singh completed his studies from the University of Oxford where he was a member of Nuffield College. His doctoral thesis "India’s export performance, 1951–1960, export prospects and policy implications" was later the base for his book "India’s Export Trends and Prospects for Self-Sustained Growth"

Mamta's early career - 

Banerjee became involved with politics while still in school, joining the Congress (I) Party in West Bengal and serving in a variety of positions within the party and in other local political organizations. As a young woman in the 1970s, she quickly rose in the ranks to become the general secretary of the state Mahila Congress (1976–80).She was a college student in the mid-1970s.

Manmohan's early career - 

After completing his PhD, Singh worked for the United Nations Conference on Trade and Development (UNCTAD) from 1966–1969. During the 1970s, he taught at the University of Delhi and worked for the Ministry of Foreign Trade with the former Cabinet Minister for Foreign Trade, Lalit Narayan Mishra. As the Minister of Foreign Trade, Lalit Narayan Mishra was one of the first to recognize Singh's talent as an economist and appointed him his advisor at the Ministry of Foreign Trade. Singh and Mishra first met, coincidentally, on a flight from India to Chile. Mishra was on his way to Santiago, Chile to attend an UNCTAD meeting.

In 1982, he was appointed the Governor of the Reserve Bank of India and held the post until 1985. He went on to become the deputy chairman of thePlanning Commission of India from 1985 to 1987. Following his tenure at the Planning Commission, he was Secretary General of the South Commission, an independent economic policy think tank headquartered in Geneva, Switzerland from 1987 to 1990.

Mamta's track record  -

In 2009, Mamata Banerjee became the railway minister for the second time. Her focus was again on West Bengal. She neglected her duties as a railway minister to concentrate on electioneering in West Bengal.

She led Indian Railways to introduce a number of non-stop Duronto Express trains connecting large cities besides a number of other passenger trains, including women-only trains. The Anantnag-Qadigund railway line of the Kashmir railway that has been in the making since 1994 was inaugurated during her tenure. She also declared the 25-km long line-1 of Kolkata Metro as an independent Zone of the Indian Railways for which she was criticized.

Reuters reported that "Her two-year record as railway minister has been heavily criticized for running the network into more debt to pay for populist measures such as more passenger trains."The Indian Railways became loss-making in her two-year tenure. Even before stepping down as railway minister to become the Chief Minister of West Bengal, she declared that she would be able to handle both the portfolios together. Her nominee Dinesh Trivedi from her party succeeded her as railway minister.

On 14 March 2012, Dinesh Trivedi announced the annual rail budget 2012 that included an all over hike in passenger fares, ranging from 2 paise to 30 paise per kilometre for reasons of safety, along with network expansion and associated modernisations. The rail fare had not been hiked for nearly a decade  putting Indian Railways in ICU as far as its financial viability was concerned. The proposed fare hike would have added 4200 crores to railways income, which while paltry compared to its expenses, would still have saved railways from becoming bankrupt. The budget received enthusiastic support from a wide cross section of society including the general public, industry groups and all five Rail Unions. However, the fare hike proposal in the budget was fiercely opposed by Mamata Banerjee. Although Trivedi initially tried to defend the budget by pointing out that it was necessary for making Indian Railways stronger, Mamata Banerjee forced him to resign as Railway Minister on 18 March 2012

Manmohan's track record -

Following the advice of International Monetary Fund in 1991, Singh as Finance Minister, freed India from the Licence Raj, source of slow economic growth and corruption in the Indian economy for decades. He liberalized the Indian economy, allowing it to speed up development dramatically. During his term as Prime Minister, Singh continued to encourage growth in the Indian market, enjoying widespread success in these matters. Singh, along with the former Finance Minister, P. Chidambaram, have presided over a period where the Indian economy has grown with an 8–9% economic growth rate. In 2007, India achieved its highest GDP growth rate of 9% and became the second fastest growing major economy in the world.

Singh is now a strong supporter of globalization, seeing India's immense labor capacity as a path to delivering Indian goods in a worldwide market and eventually relieving large-scale poverty.

Singh's government has continued the Golden Quadrilateral and the highway modernisation program that was initiated by Vajpayee's government. Singh has also been working on reforming the banking and financial sectors, as well as public sector companies. The Finance ministry has been working towards relieving farmers of their debt and has been working towards pro-industry policies. In 2005, Singh's government introduced the value added tax, replacing sales tax. In 2007 and early 2008, the global problem of inflation impacted India.

Now, I let the readers draw their own conclusion. A litmus test for each one of us though, if you were to send your kids for economics education, who would you send them to - Professor Mamta or Master Manmohan?