Current account Deficit beyond tolerable position.

Figure looks so scary and how The Govt and RBI will tackle the problem without hurting the common man who is already suffering under inflation and very high asset prices. The situation is worse than what was obtaining in 1991 crisis. The Fiscal deficit is equally worse and the GDP Growth and Inflation levels are also going from bad to worse. The over all position resembles that of 1991 crisis but only consolation is that our Forex reserves are some what better as compared to 1991 position.Dr.T.V.GopalakrishnanThis comment is in response to the news item Q3 FY 13 Current Account Deficit at record high of 6.7% that appeared in ET dated 28/03/11)