Rest on the next
Apropos of the column Clearing clouds over foreign inflows by Santosh Tiwari (FE, November 12); indeed, the UPA-2 must concentrate on augmenting investments for the rest of the six months of its rule. The UPAs policy flip-flaps, unending corruption charges, global slowdown, menace of US QE taper, chaos in clearing the air for foreign direct investment and inter-ministerial wrangles which prevent clearance for mega projects on power sector, coal, iron ore, etc, all make India not investor friendly country and also not tuning up local private investors. Good monsoon, curbs on the import of gold, increasing exports, prospective sign of growth in core sector all make a possible climate for the twin deficits under control. Yet foreign investors confidence on Indian investment depends upon the outcome of the general elections after which possibilities are to be tapped by a government committed to growth and also committed to reduce CAD.
There used to be a time when parties fought elections on the basis of their past performances as well as future ideas. However, nowadays, parties fight elections by only highlighting the weaknesses of other parties and party members. Parties should come forward highlighting their own strengths rather than weaknesses of others. It is easy to criticise others but it is very difficult to give a solution. Healthy criticism is good but bad criticism must be avoided. The EC should strictly monitor this.