The Union Minister Kapil Sibbal told a TV news channel the other day that the GDP growth witnessed during the 10 years of UPA rule was never seen before. No wonder the government has unleashed a barrage of adverts showing the UPA version of “India Shining”. Many will take the statement of Sibbal with fistfuls of […]
Indian economy regresses because of politics of votes.
When the rupee hit 58.78 against a dollar earlier this year P Cidambaram, the Indian Finance Minister (FM), while talking to the media said that there was no need to panic as the currency would regain the losses and then stabilize. Among various other issues he talked on was “I am looking forward to more […]
Even as a layman uninitiated in the intricacies of macro-economics I get an unmistakable sinking feeling, the same which I used to get during the days of our pseudo-socialism. Prices would rise relentlessly while the incomes would by and large remain stagnant. Whether it was the essentials, the utilities, services or whatever – the price […]