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UPA policies are leading to a scorched earth syndrome

jdme

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Now make sure you vote for congress in next election. They are trying their best to bring back the glory days of Indira Gandhi, while MMS is prime minster.


UPA policies are leading to a scorched earth syndrome | Firstpost

If there is a single theme running through this year’s faltering economy, it is this: the business of trying to correct all wrongs has got us into an economic tailspin, with growth tapering off and inflation far from doing so.

Taken together, the UPA’s social spending thrust (and benign neglect of economic reforms) amount to a scorched-earth policy.

Officially, it is all about inclusive growth and correcting historical wrongs to the disadvantaged. But the net effect of these policies will be to leave a fiscal and economic mess that no successor government will be able to handle easily. If Rahul Gandhi actually wins the elections in 2014, he will have a time-bomb on his hands.

The only thing that’s gone right for India this year is the monsoon. The Indian Meteorological Department predicted with considerable aplomb in June that the monsoon would be sub-normal. Thankfully, the prediction went wrong. The IMD now has the unenviable record of seven wrong forecasts out of 10.
 
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