People have been asking me…”Is Greece such a big problem…Is Eurozone crisis so difficult to handle…..”
Frankly it is the government of India playing the proverbial ‘foreign hand crisis’. This allows them to do what they want, and not get blamed.
Surely Greece is not to be blamed for our huge, mammoth deficit. G cannot be blamed for our grains rotting in the ‘open’ godown. G cannot be blamed for the huge deficits that our states run. Or for Didi openly REFUSING to pay the INTEREST and the amount due.
Our government has completely lost it as far as petrol pricing is concerned. In case of fertilizers the scenario is the same as petrol -but the people may not see the similarity because a very few people track that sector.
Our jute subsidy is a super duper joke. We FORCE cement manufacturers and agri growers to use jute bags. This is expected to help jute farmers. However on the day we require the bags, we find we are about 500,000 bags (only) short. So we AIR-LIFT it from Bangladesh.
We subsidize many things in Nagaland…now this is stolen and taken to Bangladesh!!
As a government our foreign policy with our neighbors is bad, Karunanidhi decides on our Sri Lanka strategy. Bangladesh is happy as long as we keep taking their refugees. There are schools in Mumbai full of B’deshi kids. Can imagine the situation in Kolkata.
We cannot contain terrorism – on the border or Maoism within the borders.
Our regulators are here to throttle the industry WHILE letting the customer suffer. Awesome combination.
Admist all this the Rupee is headed towards 60….and real estate prices are in the stratosphere. Who buys flats of Rs. 3 crores when the average salary for a professional is Rs. 7-8 lakhs still beats me.
Now if you do not think any of this is a problem for out 6% growth (which is awesome if you ask me) then blame Greece. It is easy to beat a dead snake, right?
Then of course there is Spain,..Italy, France…by that time the elections will be announced.
Anyway the best run states are NEITHER Congress nor BJP.
Look at the map – TN, Kerala, Karnataka (nobody knows who is in power), Orissa, Bihar, UP, ….hey Congress and BJP where are you? LOL
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