An international conspiracy is afoot to destabilise India's economic growth

Discussion in 'Economy & Infrastructure' started by nitesh, Aug 11, 2011.

  1. nitesh

    nitesh Mob Control Manager Stars and Ambassadors

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    What the heck is this supposed to mean

    An international conspiracy is afoot to destabilise India's economic growth says Prime Minister Manmohan Singh - The Economic Times

    NEW DELHI: An international conspiracy is afoot to destabilise India's economic growth, Prime Minister Manmohan Singh told a delegation of CPM MPs, as he settled for casual conversation with his erstwhile ally on Monday.

    The PM, helming a government battered by a seemingly endless stream of scams, made the unusual reference as a delegation of Left MPs met him to raise the issue of banning the pesticide, Endosulfan, which has wreaked havoc in some districts in Kerala and Karnataka.

    According to some people present at the meeting, conversation with the delegation took a casual turn after the main issue was discussed. Singh asked if the CPM had passed a resolution to 'impeach' him. He may have meant a no-confidence motion. CPM polit bureau member Sitaram Yechury replied in the negative, but pointed to the parade of scams under his leadership.

    Singh said, according to the persons, that he was indeed deeply concerned about the developments. CPM's Central Committee had last week issued a statement criticising the PM's role in decisions surrounding the KG Basin controversy, 2Gspectrum allocation scam and the CWG debacle.

    "The Prime Minister has to own up responsibility for presiding over this corrupt regime," the statement said. Subsequently, the PM discussed the economic crisis engulfing the United States and parts of Europe following the downgrading the credit rating of US sovereign debt by Standard and Poor's.

    He mentioned that the US and Europe were suffering and there is some discontent in certain corners about India's relatively resilient economy, stable growth and rising purchasing power. It is in this context, the persons said, the PM made the remark about an international conspiracy, without mentioning who he thought might be responsible for it.

    The Left parties were outside allies of the first term of the Singh-headed United Progressive Alliance government and acted as effective critics and an influential voice in government's functioning, so much so that they were often referred to as a "parallel opposition".

    They withdrew support to the government in 2008 over the India-US nuclear deal, leading to the government seeking a confidence vote. The PM mentioned that he missed the meetings he used to have with the Left MPs and the counsel the government received from them.

    While this has spawned a talk of a revival of relations, it is a far-fetched idea when the government's key ally is Mamata Banerjee's Trinamool Congress, CPM's bete noire in West Bengal. The Prime Minister's media adviser Harish Khare declined comment.
     
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  3. Ray

    Ray The Chairman Defence Professionals Moderator

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    Where is the mention of a conspiracy that is international?

    Is he meaning that the CPM is the international conspiracy.

    I have not understood this article.
     
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  4. thakur_ritesh

    thakur_ritesh Administrator Administrator

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    quite likely the reference is china here, and it is interesting how it was leaked to the media and picked up by a pro-US media house, and one wonders

    is NAC a foreign sponsored group, mr PM? if so, what do you have to say about the chair person of NAC, is she also a suspect?

    your FMs not doing any reforms a foreign sponsored conspiracy? which means are those two FMs (UPA I/II) also a part of the conspiracy?

    the land acquisition has on purpose been politicized which has significantly dented the investor community confidence, is that, and the person spearheading the opposition move also a suspect?
     
  5. Yusuf

    Yusuf GUARDIAN Administrator

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    Remember the oft repeated line during the 90s for all problems in India? "Iske pichhe videshi taakato ka haath hai"!!!

    Well realisticly, the only inference to this could be funding of maoists and other agitations that come in the way of development. Apart from that, fake currencies? I am not an economist so dont know how else could a foreign power try to sabotage Indias economic growth.
     
  6. Daredevil

    Daredevil On Vacation! Administrator

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    Too many meeting with Pakistanis have rubbed off on him and he acquired some traits and started believing in conspiracies and blaming foreign hand.
     
  7. Godless-Kafir

    Godless-Kafir DFI Buddha Senior Member

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    This article fails to mention the exact quote of the PM. Either way there is no doubt jealousy exists in such competitively based economies pitted against each other.
     
  8. Phenom

    Phenom Regular Member

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    We need to know exactly what he said.

    It could just be the sensationalism by the media or it could be the left MP is twisting MMS' words. Anyway the reason for the present economic situation is the complete paralysis in the govt, not some international conspiracy.
     
  9. debasree

    debasree Regular Member

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    may be he try to say china and pakistan,by producing counterfit rupees and send it through nepal border and hawala they try to de rail our economic progress.
     
  10. sandeepdg

    sandeepdg Senior Member Senior Member

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    Well, he just passing stupid excuses to deflect the blame on his government for being the most corrupt one in recent times. How come it became an international conspiracy when all scams are being caused by leaders from his ruling party ?
     
  11. Arunpillai

    Arunpillai Regular Member

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  12. Poseidon

    Poseidon Regular Member

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    If it's true the main suspect is a country whose name starts with C.
     
  13. pankaj nema

    pankaj nema Senior Member Senior Member

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    The Prime Minister has NOW really become a CLEVER Politician .

    PM must have thought that if he talks of Recession and Conspiracy theories then he will be let off for his sins of OMISSION

    By raising this bogey he hopes that the attention will be shifted away from the corruption scams dogging his govt.

    Infact recent revelations point out that PM WAS SLEEPING when Raja; Dixit and Kalmadi were looting

    As far as the economy is concerned ,RBI ,Fin Min Bureaucrats ,MEDIA and "We the people" keep an eagle's eye on everything related to the economy

    2008 recession was a real challenge ,this recent crash is just a hiccup

    No country wants a recession so global growth will be protected by all countries
     
    Last edited: Aug 11, 2011
  14. maomao

    maomao Veteran Hunter of Maleecha Senior Member

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    Just as failed state pakistanis use concocted conspiracy theories to cover up their fallacies; similarly, we have MMS and Corrupt Con-gress spewing these theories to hide their ineptitude and loot of the common man!
     
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  15. Tshering22

    Tshering22 Sikkimese Saber Senior Member

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    Congress is so desperate to escape from its charges that now it will even blame Uganda for conspiring to weaken India... MMS is just doing the job his owner told him to do; spread disinformation.
     
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