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Capital: India's oldest orphan

In India the dirty work of chasing out the monarch had already been done by the English in 1858

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T C A Srinivasa-Raghavan
Rahul Gandhi recently reiterated an old Congress line at Mandsaur, namely that the party was against industrialists and for farmers. This did not, however, mean that the party was against industry and for agriculture.

He said the Modi government had waived Rs 2.5 trillion loans for top industrialists but had neglected the farmers. He added that within 10 days of coming to power he would waive all loans to farmers.

This is politics mixing up economics. Politics addresses people. Economics addresses resource allocation and use. Politicians in all countries do it but not quite in the manner that Indian politicians
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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