And, on the subject of the economy: Ila Patnaik- a very balanced - TopicsExpress

And, on the subject of the economy: Ila Patnaik- a very balanced view. Makes the obvious points: 1. No quick fixes (gold import ban, tinkering with domestic interest rates etc) will help; the problems are structual. 2. In the long run, only by increasing our productivity as a nation can we hope to support our currency. Since (and she does not say so, explicitly), there does not appear to be the political will to take the hard decisions - labour market reforms, land acq, removing infrastructural bottlenecks, reforming the regulatory framework, cleaning up the taxation system... we are pretty much doomed.

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