Change eco governance thoroughly

From 7.6 per cent, forecast by the Finance Ministry in March 2012 to CSO's estimate of 5.0 per cent of annual GDP growth rate in 2012-13, the drop from unfounded optimism to harsh reality could hardly be sharper. But even now government economic tsars seem to be in denial, pinning their hopes on a post-facto upward revision in these estimates. Both Dr. Rangarajan and Mr. Montek Singh Ahluwalia have opined that CSO has been and can be wrong again. Let us all hope so.

Read Full Story>>