Apropos the editorial “Undone by policy” (December 13), I would add that declining inflation is a reflection of the consumer’s silent resistance. The common man, burdened with unprecedented inflation, has had to cut spending, even on essentials. Meanwhile, the government is bent on spending on unproductive popular schemes instead of focusing on development activities, such as infrastructure, hoping foreign direct investment (FDI) will fill the gap. Given the uncertain political situation and unabated corruption at all levels, foreigners will think twice before investing. It is high time the government shed its obsession with FDI and recast economic policy to suit our needs.
- N Ramamurthy, Chennai (BS)
