Wednesday, November 30, 2005

The burden of Left

India Today carried a very interesting report last week, on how the Left is constraining the growth of the country.
I cannot recreate that article here but there's a small little information in tabular format that tells the big picture.

[..]COST OF LEFT
What does loss of 1% of GDP growth add up to? For instance, in 2004-5 the GDP in nominal terms was Rs 28,38,000 crore. If it had grown by 1% more, it would have been Rs 31,80,700 crore. That's a loss of Rs 3,42,690 crore, over 10 times the money spent by the Centre on health, education.[..]


WHAT'S ON HOLD UNDER LEFT PRESSURE

-BHEL disinvestments

-49% FDI in insurance

-Interest rate cut on EPF

-Labour reforms

-FDI in retail sector

-PSU disinvestments

-Pension reforms

Can you do the math for the number of years lost and are expected to be lost because of the "curse" called Left policies?

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