The English language media (for the most part, that is) in India is going on an overdrive painting Ms. Jayanti Natarajan as the person responsible for all of India’s economic ills since 2009 – low growth, high inflation and low capital formation, etc. It is as easy as that. We have located the problem. Remove it and India will be growing at 8% to 10% again with an inflation rate that does not exceed 5%, current account deficit that does not exceed 3% and a fiscal deficit that does not exceed 3% either. It has been said before and it would merit saying many times over – the English language media of India (again, for the most part, that is) is in love with itself and not with the country and hence would continue to mislead, misinform and harm its readers and the country. This article is just but one example.
I do not know Ms. Jayanthi Natarajan and I do not hold any brief for Congress Ministers, in general. For all I know, she might have caused a lot of damage by sitting on files without clearing them or sitting on them, after clearing them.