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Letters to the Editor: 16 September, 2019
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India, Sept. 16 -- India's economic growth is weaker than expected says IMF and this is a matter of grave concern. Multiple factors are responsible for the weak data and time to press alarm bells to undo the damage. Unemployment and inflation are on the rise and these can create social unrest in the country which can have cascading affect not just on economy but law and order situation in the country as well. Former RBI governor Raghuram Rajan as well as former PM Manmohan Singh has come out with critical analysis and government needs to pay attention to it.
Government should not just depend on RBI reserves to control fiscal deficit but take strong measures as suggested by economists to put economy back on track. Loss making PSU's includ...
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