The rupee has depreciated by more than 18% in a period of 3 months , inflation is raging and the RBI has not been able to reign it in , interest rates have soared so high that they are dwarfing growth ; infact the growth forecast has been revised from 9% to less than 7.5% ; the sensex continues to record 2 year and 3 year lows as corporate India reports dismal half yearly earnings . So is the lumbering elephant screeching to a halt … and this while the dragon continues to huff and puff and the Asian tigers take their leaps .

For sure the +6% growth in the past decade and the 8% + in the past couple of years have immensely helped in improving the standard of living of millions .However more needs to be done and done soon, so that the majority who still continue to sleep on an empty stomach , do not need to . Experts say poor infrastructure is hampering growth and so are the reforms which are increasingly becoming the victim of partisan politics . For the past two decades we had coalition governments at the centre and no single political party having a majority which has resulted in the so called coalition dharma taking its toll on development . Fortunately for India the past decade ( but for the last two years) was one of global growth which has also helped India . However now the times have changed , globally prosperity has given way to gloom and the likely hood of large economies slipping back into recession are real . This global gloom is casting its dark shadow on the Indian economy too .

During such difficult times why should more pain be inflicted on us due to petty politics . Why cannot the political parties of all hues come to gather and work through a National unity government . The time is now for the true leaders who have the country at heart to stand up and work towards a unity government ..this is the way forward or else we will find our lumbering elephant unable to free itself from the shackles of partisanship .Its time the youth got into the mahouts seat ..