Inflation is a worldwide phenomenon, true. Funnily it echoes a past Congress Prime Minister's famous phrase: Corruption is a global phenomenon! So, you better lump it. Incidentally, a report from the US Energy Information Administration projects 2010 oil demand at 89.2 million barrels a day and not 80 billion, (a hundredfold increase) as you state. Pray who prevents India from having a say in the movements of oil futures and markets? China could see its rising oil needs and planned far ahead to tie up supplies with African nations, Iran and Latin American countries.
We have the oldest stock exchange in Asia in Mumbai. Who has stopped it from becoming the most influential market in Asia? The Film Industry (Bollywood and South) could have been consciously forged into multi-billion industry; insurance-we have a lead over Asian countries; yet today we are swamped by MNC companies in India.
Mr. Madan Gopal, all the energy, will and resolve that the Congress is showing in toeing the US line, had this been utilised to develop our available strengths, think where we would have been.
Instead, you have a doormat of a Prime Minister, run like a puppet by an ambitious Italian, who chose to bank on the support of a group obsessively stuck in a rigid, time-warped ideology. And then, when things hit the cieling, you manufacture a crisis, and say this is a life and death issue. And, of course, inflation is a worldwide phenomen.
