Value of the rupee has gone down to 57.07 today against US dollar
even as Prime Minister and Finance Minister make tall claim of the
Economic growth.
And what about the economic growth!
The GDP has slipped to 4.8 % for the last quarter of the financial year,
2012-13 and the average for the fiscal year to only 5 per cent.
This is natural adverse effect of the neo liberal policy being pursued
by the UPA government.
The Manmohan Singh government has granted concessions to the
cporporates tothe extent of Rs. 31 lakh crore since it came to power in 2004whereas the subsidies to the poor and the peasants are cut drastically.
The vast majority of the total population,77 % are struggling with a
meager income of less than Rs.20 per day.