Dear Mr Chidambaram

Congratulations on ensuring that 2012 was merely bad rather than disastrous. That was no minor achievement because India was teetering on the edge of macroeconomic instability. By taking serious actions – modestly addressing subsidies, liberalising foreign direct investment, creating a framework for expediting investments, and reforming banking – you have even created a buzz and opened up possibilities that could make 2013 your year with enormous consequences for the country in the election year of 2014.

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