PERFECT ANALYSIS. VERY WELL SAID. Remember When Dr.Manmohan singh had devalued the rupee, from Rs16 per dollar to Rs.32/= BJP laughed at him. BJP intelletuals incuding some professors of economics told the educated masses that MMS was ruining the country. But it catalpulted the sagging foreign exchange to unimaginable levels. It lead to a stock market boom. It lead to a astounding increase in foreign direct investment. At the time, in fact much before that China (PRC) had already devalued its currency Yaan at least six times !! And our communists vehemently opposed and criticised Indian government and MMS perticularly that his policies only benefit the rich and such nonsense. You know economics or listen to the person who knows it. That is what exactly P.V.Narasimha Rao had done it. Playing politics is quite different from understanding economics, is it not? You can not say the Congress is old fashioned while BJP and CPI ,TDP,SP,BSP,DMK etc., are progressive parties. Consider for example cell phones,internet,software,computer industry were envisioned and policies were made and brought about Congress party. It was Nehru who called Homi Baba and told him to start building an atomic reactor. Nehru at the time told the parliament that we have to spend money on atomic research because atmoic research can not be accomplished,nor can be understood when we require it in future. That is a vision. MMS can definitely more correct than Karat or Echuri or Mayavati.
