Sonianomics is to blame for rupee, Sensex crashes

So the rupee’s crashed, the markets have wilted, bonds are down, and gold is back as an investment class – at least back home. But no one is willing to name the elephant in the room that’s caused all this ruin. Everybody is keen to mention the proximate causes for the collapse of confidence in the Indian economy – the panic measures announced by Manmohan Singh, P Chidambaram and RBI Governor D Subbarao, among them – but not the real reason for it all: Sonianomics and the resultant Rahul-flation...

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