NEW DELHI-Liberalisation Road to Economic Ruination

NEW DELHI THE Indian economy is facing a serious crisis. This warning was sounded by some 40 distinguished economists at a meeting sponsored by the Social Scientist in New Delhi on August 7 and 8. Their opinion was, of course, in sharp contrast to the euphoria that the leaders of the government and official spokesmen and publicists have been trying hard to create about the state of the Indian economy and the progress that is claimed to have been made as a result of official policy and management under the leadership of the prime minister The official side may indeed like to argue also, in order to blunt if they can the impact that the criticism by the experts may make on public opinion, that the economists who met in New Delhi were by and large of leftist persuasion and were not friendly to the present government and its leadership. This would not, however, be a wholly correct view of the New Delhi meeting of economists.