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Rao plus Roy: 95% agreemnent

Postings not related to the writing of the Manifesto or policy chapters
are likely to be summarily rejected. Thanks for your understanding. IPI
>The purpose for which I wrote my article is only to outline the
>circumstances under which India is unable to get adequate return from
>international assistance. This failure on the part of India is partly
>due to wrong policies pursued by India and partly due to lack of proper
>understanding of Indian conditions by the lending agencies. I want these
>mistakes to be corrected, so that India could get some return out of the
>loan obtained and be able to pay back the loan with interest. My only
>concern is that India should not get into a debt trap like some Souteast
>Asian countries.

I fully agree with Prof. Rao, except I believe we are already in a serious
debt trap (which is unrecognised).

Subroto Roy

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