Wednesday, May 19, 2004


The dust has settled on the election outcome,and most of us have reconciled to the fact that we are going to have a left-of-centre dispensation in Delhi.The capital markets
have reacted adversely as one would have expected them to.All in all,a week that the investing community would want to forget.
But at times,one wonders whether the criticism is overdone.In an epoch,when it has
become fashionable to berate the left,we don't always get to hear a different perspective with an empathy for the left.Here's an article penned by 2 left-inclined economists
attempting to present a different viewpoint.

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