Upbeat at formation of new UPA government headed by Prime Minister Manmohan Singh, economists on Friday said that continuity in policies would push economic growth to over seven per cent in the current fiscal.
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"A very good government.it will provide support to growth. My projection for GDP growth rate is around 7 per cent and this government can realise it," said noted economist Saumitra Chaudhuri, who till recently was a member of the Prime Minister's Economic Advisory Council.
The new government, however, will have to address issues in infrastructure and education sectors, he added.
"I see a lot of continuity and stability as these Cabinet ministers have already worked for five years," said Nitin Desai, former Chief Economic Adviser.
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"The growth is already on the path of recovery. The new cabinet should help in continuation of economic reforms", he said, adding the main challenge before the government would be to provide good governance.
Manmohan Singh was today sworn-in as Prime Minister for a second consecutive term at the head of a 20-member team in the first installment of government formation truncated by the deadlock over portfolios for DMK members.
Friday, May 22, 2009
Economists up their economy forecast to 7 percent
Friday, July 18, 2008
Character of Left parties - Ridiculous -On Indo-US Deal
Left Parties (CPM and associates) are playing a spoilsport in Indo - US Nuclear Deal. Which will benefit India's Power crises and can bring an end to power crises for whole country.
but Left parties are against indian interests and so they withdrew their support to UPA government as they are against Indo- US deals.
Actually Left parties are funny parties who don't know how to work for interests of the country. by seeing past of all the Comminists parties it is clear that they are always against any deal with United States of America and India, whatso ever be the motive of the deal.
I mean to say if there is a deal to take place between Indian Government and USA then Left parties would always be against them. Instead if the same type of deal is taking place between India and any other country(China or UK especially)then Left parties would have never opposed that deal under any circumstance.
In previous general elections Left parties provided support to Congress government to stop BJP from making a government at center and in 2008 they withdrew support from UPA government to stop them to finalize the INDO - US Nuclear Deal, they have no moral values and are surely not thinking in the interest of indian Subcontinent. If they have understood each and every aspect of this deal then there is no reason to act against this deal which would end Power crises in india and would enter India's name along with likes of US, UK, Russia, China etc which are developed Countries. So here the question arises
Are Left parties against Development of India as a country????
Looking at present scenario of indian politics and biased opinion of left parties on Indo US Nuclear deal the answer to above question is YES.
Left Parties have some bias on deals with Russia or UK instead of USA so they are opposing the deal without thinking about the results and the hindrance which failure of the deal would provide in growth of India as superpower which is a dream of Sardar Manmohan Singh.