NewsX: The import of capital goods for $587 billions, most of which India could make in its own backyard, drained out a third of India's GDP under nose of the UPA regime. The UPA government also eased customs and excise tariff to facilitate their entry into India with the least fiscal resistance and consciously ran current account deficits of $339 billion.
S. Gurumurthy spoke to our Chief Editor Jehangir Pocha on economic crisis.
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