Needless to say Indian Politicians Like Veerapa Moily will remain Politicians and cannot become Professional Ministers. Obama's statement that
Investment climate in this country is deteriorating
has sent empty vessels like Moily to make loud noises, which we are least bothered about.
However, the Unofficial Finance Minister , Mr. Montek Singh Ahluwalia has Pragmatic views of the Situation and here they are,
1. I think many countries have been expressing concerns on investment climate...we need to strengthen it.
2. India will not be able to achieve USD 1 trillion target for investment in the infrastructure sector during the 12th Plan (2012-17) in view of lower economic growth prospects. The cumulative investment in infrastructure in the 12th Plan is targeted at around USD 1 trillion. Nearly half of this investment will be channelised into construction projects. Given the situation around the world and our own domestic current growth prospects, I think achieving 9 per cent for five year average, is just not going to be feasible
It pains to say that all the Congress Government has done is to push Corruption to every nook and corner of the country rather than push reforms and industries. Now, Dr. Singh is planning to take the affairs in his hands, but can he turnaround ?
