And I thought that since MMS has been often credited as the architect of the new Indian economy, we would do better under him as PM. In the last two terms, the man has disappointed on every aspect of governance. He is feeding the aam aadmi the same hogwash that the last BJP govt. did with their India shining campaign. At least the BJP govt. managed to feed the population something which remains an unachievable feat during the UPA terms. BJP was more sincere in their approach to problems of economy, security and foreign affairs as opposed to the current snake oil salesmen in charge of the nation.
Swaminathan Aiyar of CATO points out the high inflation, rising corruption and deplorable public services as the millstones around our necks. We can squarely lay the blame on the UPA doorstep for that.
"Prime Minister Manmohan Singh says he wants India to hit an annual GDP growth rate of 10% soon. Since the country averaged 8.5% from 2003-08, he thinks this is definitely achievable.
Think again. Given a sluggish global economy and lack of domestic reform, India may not average much more than 8% growth in the next five years. True, the country has many advantages — cheap skills, catch-up possibilities and good demographics (the working-age share of the population is rising). But against these must be weighed disadvantages such as high inflation, rising corruption and deplorable public services."
The rest of the article can be read at:
http://www.cato.org/pub_display.php?pub_id=11954
Swaminathan Aiyar of CATO points out the high inflation, rising corruption and deplorable public services as the millstones around our necks. We can squarely lay the blame on the UPA doorstep for that.
"Prime Minister Manmohan Singh says he wants India to hit an annual GDP growth rate of 10% soon. Since the country averaged 8.5% from 2003-08, he thinks this is definitely achievable.
Think again. Given a sluggish global economy and lack of domestic reform, India may not average much more than 8% growth in the next five years. True, the country has many advantages — cheap skills, catch-up possibilities and good demographics (the working-age share of the population is rising). But against these must be weighed disadvantages such as high inflation, rising corruption and deplorable public services."
The rest of the article can be read at:
http://www.cato.org/pub_display.php?pub_id=11954
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