This refers to your front-page report “PM sets infra ball rolling” (June 7). The PM’s infrastructure meet perked up market sentiment, but the Sensex’s quick reaction is not anything to go by. It is common knowledge that the stock market barometer has the tendency to jump or fall in response to even smaller events. The PM needs to be reminded that 2012 is not 1991. The nation is facing a different crisis of different dimensions. And, thus, much more needs to be done to revive India’s growth story. Merely announcing policy action in the infrastructure sector in hope of seeking a fresh mandate will not do.
K V Rao Bangalore
Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number