Falling Rupee, deplorable deficit, incorrigible inflation - Where are we going?
THE rupee seems to be having a free fall - the next stage is expected to be at 70. The CAD is 5 percent of GDP. Inflation is out of control and the Babus are to get a 10 percent hike in their salaries due to the inflation in six months - of course they may still not be able to afford onions.
What is wrong? India is run by the same team which took us out of the 1991 crisis. Why are they not able to do it now. Maybe there is one person missing - an old man who was notorious for not taking decisions - who happened to be the Prime Minister at that time!