Sunday, July 20, 2008

No matter who wins, you lose

Whether the government stays or falls, be prepared for hard times. That’s the message from beleaguered Prime Minister Manmohan Singh.
Singh believes a “non-issue” is occupying our minds at a time inflation is threatening to reduce living standards, a source, speaking on condition of anonymity on behalf of the PM, said on Saturday.
“This is possibly the biggest (inflationary) challenge since 1973,” said the source, referring to the days of the world’s first oil shocks: Indian inflation soared to about 30% and stayed there for over 18 months.

Opinion in Hindustan Times, July 20, 2008

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