Inflation knocking hard on the doors of Congress PM. Manmohan Singh, not only with sky rocketing prices of onion,potato, tomato and even salt, but with the report of the headline CPI inflation (combined) for October 2013 crossing the double digit . It stood at 10.09% (y-o-y) higher than 9.84% (y-o-y) seen in September 2013. The CPI inflation for rural and urban areas for October 2013 was recorded at 10.11% (y-o-y) and 10.20% (y-o-y) respectively. The headline CPI (combined) has seen a rise of 0.95% (m-o-m) in October 2013.
Who will remind to the economist cum reformist prime minister Manmohan Singh, that while you are arguing and blaming on Narendra Modi for his lack of knowledge of history , but who is to be blamed for the present dismal state of affairs of Indian economy, when you have been ruling the country for last one decade.
The combined inflation rate for food and beverages now stood at 12.56%. The corresponding inflation rates for rural and urban areas are 12.32% and 12.86% respectively. Meanwhile, the combined inflation rates for fuel and light stood at 6.97% for October 2013. The corresponding inflation rates for rural and urban areas are 6.89% and 7.26% respectively.
The opposition and the people of country are justified in blaming you as the prime minister of the nation,when you have ignored rather neglected the important task of managing economy, which has been going down much faster then what it has risen in the nineties or at the beginning of this century.
...............Are not, You the PM, responsible for that ? How the scenario has changed in five years that , India, which was regarded strongest bell weather emerging economy of the world, with a nearer to double digit growth has turned into such a mess ? How India's fortune has tumbled so low, that most world rating agencies are warning to degrade it a level below investment grade ?
............................INDIA HONEST warns the PM for one the last time, : Sir, as the renowned economist , you are the best person to answer, and for this time you will be forced to "open your mouth on economy" only. The election campaigning and blaming on history is not your bread and butter, you are there for administering the nation and its economy. History will still remember you only as a good/bad economist, in spite of all those corruption scams during your regime, only if you still act wisely and decisively to put it in order , before it is too late .