By K.N. Pandita
We are in a difficult phase of our post-independence history. In economic terms, we had hardly emerged from a brief period of economic growth when recession overtook us ad with vengeance. The rupee is collapsing against the dollar.
The Prime Minister, himself an economist, attributes economic recession to world economic scenario, and particularly, to the somersaults of US economy. He is disposed to link it to the economics of oil. Continue Reading…