Indian Economy in 2012 - Nothing to base hope on.

We have had a tumultuous calendar year that ended yesterday. The UPA II Government had projected a GDP growth at  7.6 (+/-0.25) %for FY'13. Chief economic adviser Kaushik Basu was confident about 9% growth but was worried about the impact debilitating politics would have on the economy.  With a projected GDP growth of 9% in 2011-12 and ending up with 6.9%, the start of the FY 2012 -13 was upon an established lie. We didn't have any analysis on why we missed the forecast of 9% growth in 2011-12 and what exactly are going to do to achieve the >7% growth as projected.  (Economic survey 2011-12)

Wholesale FDI in retail - Does harm national interests

The UPA -II Government is keen on bringing the FDI in multi brand retail in this winter session of parliament. Opposition parties oppose this with many a reason ranging from politics to personal to people's well being. Let us leave off the personal reasons opposing the FDI, but look at political and well being reasons as they are important for an informed decision on such a key issue.