How do you explain the euphoria in the stock markets over the UPA coming back to power? Is it the case that the global economy has ceased to matter now that the UPA is back in power without the Left parties? These worthies need to know that the big upward movement in India’s growth rates took place only because the global economy was booming; it fell only because the global economy was crashing. It cannot go up unless global growth revives. By having unreasonable expectations we are being unfair to Dr Manmohan Singh; in another 100 days, the press will crucify him for having done nothing.
Rajendra Singh, New Delhi
