Indian Finance Minister Mr. P Chidambaram claimed today that India continued to be the second fastest growing economy in the world after China. He assured people should not be worried about the current slow down and expressed hope of achieving six per cent growth this fiscal as he observed that even China's growth which was at ten per cent has come down to seven per cent now, while our growth has slid to five per cent from nine per cent.
He said,"Economic slowdown is there in all the countries. When there is slow growth rate in the world, India cannot remain unaffected,". He added that even European countries had been affected by the economic slow down and many countries including Mexico, Brazil were behind India, but expressed hope that the country's growth would touch six per cent this year and hoped for bright tomorrow, and asked not worry about the slow down.
This resembles the idea of seeing the most dismal situation in positive frame of mind, that is seeing the half glass of milk as half filled not as half empty. The country which has started its growth history very late and was reasonably hopeful of achieving growth in double digit for another several decades to reach nearer to the developed many with the big criteria of "inclusive growth to a sizable mass of society". But it is sad story of half empty and this empty part belongs to the vast majority of common population and those are the most deprived billion of Indian population. To add salt on their woes, goes on the shameless drama of musical chairs where the politicians and economists together calling shots by offering meals at Rs.5 or at Rs. 12 or at Rs.28 to 33 a day to survive with dignity or to save themselves from being called cruelly BPL family, all this 65 years after independence.
He said,"Economic slowdown is there in all the countries. When there is slow growth rate in the world, India cannot remain unaffected,". He added that even European countries had been affected by the economic slow down and many countries including Mexico, Brazil were behind India, but expressed hope that the country's growth would touch six per cent this year and hoped for bright tomorrow, and asked not worry about the slow down.
This resembles the idea of seeing the most dismal situation in positive frame of mind, that is seeing the half glass of milk as half filled not as half empty. The country which has started its growth history very late and was reasonably hopeful of achieving growth in double digit for another several decades to reach nearer to the developed many with the big criteria of "inclusive growth to a sizable mass of society". But it is sad story of half empty and this empty part belongs to the vast majority of common population and those are the most deprived billion of Indian population. To add salt on their woes, goes on the shameless drama of musical chairs where the politicians and economists together calling shots by offering meals at Rs.5 or at Rs. 12 or at Rs.28 to 33 a day to survive with dignity or to save themselves from being called cruelly BPL family, all this 65 years after independence.