I am totally scared with the economic debacle of the country and its affect on common citizen like me. The continuous fall in the value of rupees against the US dollar, the record increase in price of onion and incessant increase in prices of common commodities are altogether ringing an alarm bell for a worst economic burden further on common people in the country. On Wednesday the rupee hit an all-time low of 64.54 US dollar and the experts say that it may further drop to 70 dollar. The economic chaos has literally come as a shocker for common citizen as majority of them hardly know the impact. Of course, the global trend in financial market is somehow responsible for India's economic doom, but as a citizen of India I am totally surprised on the stand of India's Prime Minister Dr. Manmohan Singh.
 |
| Manmohan Singh |
Ranked as one of the most accomplished finance minister in India's history, Dr Singh who had also earned worldwide plaudits for 1991 economic reforms has surprisingly totally failed to end the crisis. Need of the hour is that Dr. Singh and his finance ministry and planning commission must take the grieving issues of devaluation of rupee and price rise unless the cloud of recession may loom over the country, which would have bad impact over the country and its people. It would not be wrong to say if the financial woes continue for sometime, Dr. Singh can get the tag of India's worst Prime Minister for fractured economy of the country.
