Dr.T.V.Gopalakrishnan
The article brings out clearly the failure of the Government on various economic parameters. The Current Account Deficit, the fiscal deficit and fall in the value of rupee are all the creation of the Government because of its failure to contain inflation and ensure all round grwoth of the economy. Agriculture and industrial production came down drastically during the last few years. Infrastructure growth has been vastly ignored.The gap between the rich and the poor has widened due to wrong taxation policies. Corruption and black money increased in leaps and bounds tilting the balqance of the economy completely and laxity in Governance standards let loose frauds and scams as an economic activity worth pursuing. Over all the economy lost its steam and has gone back to the pre 1990 period. The reforms witnessed in the early 1990s have been reversed in the same speed with which they were implemented and who ever comes to power has to start from the scratch.
(This comment in response to the article by T.N.Ninan on " the alternative view" appeared in Business Standard dated 23/2/14).
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