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Five decisions that changed India
by Varadachari Ramanujam on Aug 26, 2007 04:44 PM

The progress achieved by India truely the credit goes to Late Prime minister P.V. Narasimha Rao and his then Finance minister Mr Man mohan sing the current PM.

It is easy to critisise the decissions.But India with a large population/ diverse culture / numerous fly by night like political parties , each one having individual aganda with ulterior motives, the performance of the country in the last 17 years has been remarcable and formidable.

India inviting foreign exchange of 500 USD in early sixties and seventees for selling Bajaj chetak scooters to todays secenerio of Corporates being told to keep all FX earnings over 20 million out side the country is truely signifying economic achievement.

Yes the economic stability and performance has to be matched by Political stability with maturity of mind by Politicians.

The one thing that still hurts me is the continueous emergence of political maharajas in regional kingdoms even though the govt abolished Privey purse to maharajas many years ago.

The countrys political system in the name of democracy has and continuing to encourage birth of a new political party at the drop of a hat.
This needs to be stopped and a strong two party political system should emerge and coalition form of Govt should be abolished.

The performance of Man mohan sing and his group of ministers could be far more significnat if they do not have to move their heads to accept the whimsical demands of differant political part

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