Wednesday, July 17, 2013

Are the expectations on the fundamentals of the economy real?

Every thing is a joke. Containing Fiscal deficit, Current account deficit, inflation, and achieving GDP growth above 6% etc are not credible to the public when the confidence in the whole management of the economy is eroded. The ease of doing business has further been made difficult because of lack of confidence in the political stability, economic slowdown, social infrastructure degradation and technological challenges remaining to be fully taken care of. Stability in the areas of finance, banking etc are becoming a threat every passing day.
Dr.T.V.Gopalakrishnan
(This comment is in response to an article' Fiscal consolidation a joke" That appeared in Business line dated 17/7/13).

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