Shankar Aiyar rightly asks a serious of questions which needs to be pondered:
- There was, however, no explanation on why the economy was in a crisis. The Prime Minister says an “unsustainable increase in government expenditure vis-a-vis government income” would lead to “steep rise in prices and loss of confidence in our economy” as indeed had happened in 1991. The question is did this happen overnight? How did we get here? And who let this happen? Was the writing on the wall in Greek?
Razeen Sally on Asianeconomies and its need for “Limited government—a strong but small state that performs its core functions well—and free markets at home and free trade abroad: These are the ingredients for a new Asian century.”