PM says growth won't come with 'business as usual'

Comments (1)
Subrabhama wrote:

Dr. Singh has a reputation as a renowned economist though there has been no evidence of it in recent years. He has been in charge for two terms and the economy is slipping under his feet. Often he takes refuge in lamentations or vague generalities. In the past he used to refer to reviving the “animal spirits.” Perhaps, those spirits have gone to sleep. He has himself been relying on inflating growth rates and his advisers like those in the PM”s Economic Advisory Council or elsewhere have been playing the same tune. Now the Planning Commission draws on the theme cleverly or cravenly, but says that a growth rate of 8 per cent will come about in later years. Dr. Singh is not amused. He may have good reasons to take that view. But did he not have a role in drawing up the 12th Plan document? If so, why does he speak or appear to speak with a different voice? This an odd way of planning for a large economy for the next five years. For instance, in the neighboring country -China- such a dissonance is not voiced in NDRC meetings.

Dec 27, 2012 6:24pm IST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.