India Policy: Government Acts, a squeak is heard

A fiscal stimulus which amounts to 0.6% of GDP is all that this government has provided as protection against the tsunami unleashed by the Global Financial Crisis...now the Global Economic Crisis.  This is not enough for anybody...it certainly will not have a measurable impact on our economy...the GEC impact will be measurable.

Mr Prime Minister...why did you bother...much ado about nothing...even better I am reminded of the movie...The Mouse that Roared.

Building expectation to dash them is not good at the best of times...and this is NOT the best of times.

Let us hope there is a PART II stimulus when industry gets ready to rip out the throats of these tinkerers.

Stay tuned.