.......The increasing demand for gold reflects the public’s lack of faith in the Indian economy. The current account deficit that Chakrabarty worries about would not have been so wide had the government taken a single decision of letting fuel suppliers charge customers at least what it costs them to buy oil. Chakrabarty has unfairly blamed the public for India’s economic woes.The root cause of India’s precarious finances, both internal and external, is the government’s inept and callous management of the economy. Not the average Indian’s instinct for self-preservation.
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