(This story appears in the 06 February, 2015 issue of Forbes India. To visit our Archives, click here.)
very balanced views from Mr Shastri. People expect Jadoo From MODIJI in months, all that never happens. Media shod strongly emphasise that in 7 months of MODIJI govt no corruption, govt fully concentrating on development and redeeming all problems created by congress in last 10 yrs, in variouS economic fronts. We will see positive results from middle of 2015.
on Feb 2, 2015The assessment is largely correct and the government should be credited for managing inflation on the food front. However, lower crude prices has resulted in lower subsidy burden coupled with the DBT on LPG which should help in shaving off at least 20 -25 % of the subsidy burden on LPG. There is no doubt the government is doing quite a bit to revive the economy despite global slowdown but the structural infirmities left behind by the previous regime is so large and deep that it will take some time for the turnaround to be seen on the ground. The ruling party should maintain a cool head and not panic despite getting some bad press from an hyperactive Indian media which presumes turning around a structurally afflicted economy is liking making INSTANT COFFEE. However, it seems the citizens are appreciating the good work being done by this government despite the tall promises made during elections which is par for course for all political parties the ruling party is not an exception.
on Feb 2, 2015