Indian news agencies report that the Indian economy is in dire straits. Renowned industrialist and former chairman of the Tata Group, Ratan Tata, said India had lost the world's confidence and the government was in no rush to admit it. He also said that the government was "hesitant" under the influence of vested interests of the private sector, so politicians reacted "with delay and manipulation."
Mr. Tata, answering a question about the silence of the Prime Minister, said that investors are losing confidence and said: “The government is pursuing a policy that protects vested interests. In addition, the government is not giving the necessary response. " After 22 years of reforms, India's economy is facing the same problems as in 1991, when panic swept the entire population.
Under the onslaught of parliament, Indian Prime Minister Manmohan Singh on Thursday admitted that the country is faced with a "difficult" economic situation and the need to reckon with such global factors as tensions in Syria. Opposition leader Arun Jetley raised the issue of the fall of the rupee, which has fallen by 20 percent against the US dollar this year alone and people are already in "panic" and do not know at what level the devaluation will stop.
The Indian government is concerned about the likelihood of a US attack on Syria, which will affect the fate of the Indians working in that country. About 5.5 million Indians live in the Persian Gulf. The opposition believes that the government is responsible for their safety.
