Falling growth, flailing confidence seem to be the UPA’s lot now
With reference to the report Growth dips to 27-month low (December 1), it is clear now that the effect of turbulence in the world market is affecting the Indian economy and its growth prospects. The UPA’s performance has dipped to a new low. No matter what it does, it is failing to inspire people. Instead of resorting to policy gimmicks, the prime minister must pull up his socks and stop fooling the people.
Murari Chaturvedi, Delhi
Wholesale sale of retail
With reference to PK Vasudeva’s article The detail in retail (November 30), the government should bring out a white paper on FDI to spell out which international retail houses will be investing in India, their investing capabilities, the amount of jobs they will create, how it will benefit consumers in the form of reduced prices and why it will not affect the local kirana shops. Merely stating that it will reduce inflation or it will increase jobs is not enough. We have to ensure it does not become a conduit for the black money stashed abroad to re-enter the Indian economy.
TT Krishnan, Mumbai
Greed is beginning to hurt
The report Graft hurting India’s growth story (Leading the change, November 30) mentions alarming obstructions that are hindering our prospects for economic growth. Though our taxation, capital market and corporate laws are good on paper, widespread corruption has thrown our economy off track. The fight against corruption is yet to show tangible results, though it is little now that the youth consider these movements as their last option to improve the state of affairs.
Ramesh Sinha, via email