Thursday, April 4, 2013

[IAC#RG] India Broke

Forget India Shining, India Rising, Incredible India and all those other glorious feelgood dreams of India as worlds' #2 superpower after China to which some IronMan or IronLadywill lead us.

The fact of the matter is that India is broke, ie Bharat is kadka.
http://www.thehindu.com/opinion/op-ed/two-pms-a-countdown-to-financial-crisis/article4577727.ece?ref=sliderNews

The only way out is SEVERE AUSTERITY MEASURES and BELT TIGHTENING NOW (before it is too late and we turn into a basket case like Italy or Greece).

Important decisions which should be taken NOW - like borrowing from the World Bank, IMF when credit is STILL AVAILABLE and India is not yet a basket case have to be taken NOW.

Somebody of impeccable integrity must ensure that the money is not SQUANDERED AWAY on POPULIST schemes but spent on the vital INFRASTRUCTURE India needs so badly.

Sarbajit
National Convenor
India Against Corruption
 

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