Rediff.com |  Feedback  
You are here: » Rediff Home » Discussion Boards » Permalink
  
View : Single Message | Complete Thread | Read complete Discussion
India dimming - Utter moonshine (Part 2)
by Gauzbig on May 21, 2005 11:24 AM

With volatility in the Indian stock markets and FII like UBS running amuck, using the sensex to measure government performance is a joke!

In any case, even for the ignoramuses the Sensex for the India shining men touched an all time high of 6,250, only to slide to 4,300 levels in mid May before Manmohan singh government was sworn in. In mid May 2005 sensex was around 6400 (above peak achieved by the bungling NDA). So then, why is the period of Jan to May 2005 used to evaluate a years performance !! Quite obviously for the absence of anything else to berate the UPA with.

Now to some of the UPA achievements:a)Fiscal deficit decreased in 2004-2005 from 9.4 % of GDP to 7.9 % in 2004 -05 (this despite higher oil prices, tsunami and most importantly no fraudulent disinvestment sales)b)Communal thugs like Pravin Togadia have lost thier spunk and their trishuls without a doting BJP in power! c)Extraconstitutional UNELECTED communal RSS back to fringe rather than dictating policy and ministerial berths d)Repeal of draconian POTA yet terrorism down e)Employment guarantee bill which seeks to do something for the marginalised (which the BJP is stalling through boycott of parliament)

    Forward  |  Report abuse
The above message is part of the Discussion Board:
India dimming?