Neglect of the Economy by the Government

This refers to your editorial politics playing spoilsport which is very apt and timely. The very fact that the economy is not progressing well despite the presence of several positive factors like favourable demographic dividend, talented and worldly recognised scientists, economists, bankers,IT strength and abundant natural resources,etc is a matter to be seriously debated and accounted for by our politicians and bureacrats. The economy needs to be run by professionals and politians should keep for themselves administration and social welfare bereft of corruption of course. The present international scenario is an ideal opportunity to attract both FII and FDI investments as India is perhaps one of the emerging economies whose fundamentals continue to remain strong except perhaps on inflationary front.The Government should come out of its false ego and arrogance and concentrate more on the management of the economy efficiently and effectively. It is time for Govt to act.

from: T.V.Gopalakrishnan

(This appeared in Business Line E paper Dated 19/08/11).