Lead Story

The perfect storm

The central bank may be getting the blame for the plummeting rupee, but it is the faulty policies of UPA-II that have pushed the country into a vicious cycle of slow growth and low capital flows. Can we make it through this tempest?

Illustration: Kishore Das; Cover design: Sumeet Gupta; Cover photograph: John Lund/GETTY Images

Prime Minister Manmohan Singh’s sense of escapism has hit a new high after his recent trip to Myanmar. It would help if all of us were drinking from the same fountain or, still better, smoking the same weed. That clearly is not the case and what the great man said or hoped for didn’t make any sense to us.