What the New York Times said about India, its Prime Minister Manmohan Singh and Congress president Sonia Gandhi is being distorted by the TDP president Chandrababu Naidu and his misleading campaign by calling it- financial terrorism and that YSR and Sonia looted the country and given the wealth to their sons and sons-in-law.
Apherald.com bringing you highlights of New York’s Time in its Sunday editorial .
- Prime Minister Manmohan Singh is an ineffectual leader without much authority.
- Congress President and political patron Sonia Gandhi held the real power.
- Indian economy slided into a deep slump. Last year growth just 4.4 %, as against the 7.7 % average for the past decade.
- Most ofIndia's problems are domestic-falling Rupee & inflation@5.8 %. Ministers quit, corruption scandals; mismanagement in large infrastructure projects;ballooning budget deficit, wasteful spending like subsidies for diesel fuel;
- Like Indonesia, Brazil etc, India hit by US policies driving investors fund transfer to the US .
- In the nine years UPA politics has retraced reforms in labor and education .��
