Wednesday, July 8, 2009

Percy Mistry's Article

Guys I wrote about the budget as a POPULIST. That exactly what Mr. Percy Mistry wrote about the Budget in today's Financial Express. Here is the piece of that article:

"Had the late Mrs Gandhi and her father made the right economic and social choices in the 1950s, 60s, and 70s instead of being seduced (owing perhaps to lack of economic nous coupled with an over-opinionated sense of their political wisdom) by the wrong ones (incubated in the failed former USSR), India’s per capita income today might arguably have been $5,000 instead of $980. Poverty would have been eradicated by 1995 rather than by 2040 at the present pace."

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