India in 2004 |
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The CMP (Common Minimum Program) is less ambitious than congress's economic manifesto. But its admirable goals - annual growth of 7-8%, alleviating poverty, helping farmers, empowering women, raising spending on health and education and so on are so vaguely represented that it is like a child's letter to Santa Claus. Everybody can pick up a desired outcome from the list and believe that Christmas is coming1.
The current account was more or less in balance. The country was riding the wave of globalization of services, led by the computer software industry... 1] The Economist, 12th June 2004. |
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