This refers to the report “India may be the first fallen BRIC angel: S&P” (June 13). The government of India should heed the grim warning contained in Standard and Poor’s report. The ruling party has plunged the country into crisis with a series of scams, scandals and corruption cases. The leading Opposition party, the BJP, is also mired in controversy and a leadership struggle. The party seems to have a one-point agenda — that is, to block all reforms initiated by the government. And so it thwarted the move to allow foreign direct investment in retail — a reform that could have stimulated investment and employment. The poor and even the middle class are frustrated with corruption and declining living standards. It will be a serious mistake on part of the ruling class to underestimate their anger.
Rajendra K Aneja Dubai
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