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How UPA can use Narendra Modi to stem rupee slide, revive economy

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Narendra Modi’s rise as the BJP’s champion in the 2014 elections has come as a blessing for the minority government at the Centre. Any move by any non-BJP party that is likely to destabilise the government would immediately be damned as a move to help Modi.

 

So scared is the Samajwadi Party of such stigma thus that it suffers Beni Prasad Verma’s insults in silence and dare not withdraw support for the government. The logic works for other parties as well. This stability gives the government space for new policy manoeuvre. It is time to be bold and take tough decisions to revive India’s growth, strengthen macroeconomic balance and stem the rupee’s slide. Read More

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