Multi-organ failure - Charan Singh

.....As a citizen, it is clear that the Union Ministry of Finance and the RBI are aware of the grim situation. But what is not clear is whether the two have a common view on the diagnostics of the problem? Is it high interest rates, policy paralysis, governance deficit or simple uncertainty that is the cause of lack of demand and slow growth? In the absence of a credible and common diagnosis, at least in the perception of the common public, how would a strategic recovery path emerge that inspires confidence in the course of treatment? It is this lack of direction and forward guidance that probably is confusing the market...........

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