NDA's third year blues

The classic Third Year or Mid-Term problem has afflicted all but two Indian prime ministers who have lasted a full term, give or take a few months this way or that

T C A Srinivasa-Raghavan 

T C A Srinivasa-Raghavan The Prime Minister has come up with a spirited defence of his government’s record of managing the economy. He has even held what seems to be an unscheduled meeting with the party president and the finance minister. The fiscal deficit, the current account deficit and inflation are all low, said the PM. True. Good.  He defended demonetisation — that it had lowered the cash to gross domestic product ratio from 12 to 9 per cent etc — and goods and services tax (GST), which he said was a “good and simple tax”. Not quite true but okay, let’s ...

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First Published: Fri, October 06 2017. 22:25 IST