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Thursday, May 16, 2002

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Home is not best?

This refers to the editorial `Industrial sloth' (Business Line, May 15). It has been rightly pointed out that 2001-02 was a bad year in the context of the terrorist attacks in the US and on Indian Parliament. And that these incidents gave the authorities enough reason to justify the negatives in the economy.

But, even under normal circumstances, India has shown little progress on the economic scene. So it would be unfair to blame extraneous elements for failure on the domestic policy front. Political instability as a result of a divided government at the Centre is, perhaps, more responsible. Add to it communal disturbances and violence, and you have the ideal recipe for disaster. So, at least in this case, it would be best to blame home, not the East or the West.

R. Anup

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Home is not best?


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