U-Turn by Left means U-Turn for Economy as Well???....

With the Left Parties withdrawing their support and the UPA Govt in the dock to face No Confidence Motion in Parliament, its a Critical Time for the Economy. With the fears related to the Crude Prices, Inflation, US Slowdown, i feel the Indian Economy cant always be immune to the fears of slowdown.

Nuclear Deal, Saving the Central Govt from falling are the main agendas for the UPA at present. With the rising Inflation and all the factors related also in red, its gonna be a uphill task for the Father of the Libralisation and Globalisation in India, Dr. Manmohan Singh to carry on with the growth rate and at the same time prove his majority in the Parliament.

With Left no longer influencing the decision making of the UPA, there are some chances of the govt to implement bold steps in relation with the Pension Reforms & FDI limit for Key Sectors including the Energy Sector in which the Nuclear Pact will prove the key. With the rise in the interest rates all across the board, the Employee's Provident Fund(EPF) Board is also gona consider a hike in the interest rates for PF which wil be a matter of relief for many.

With the record produce of Wheat this year, there are less chances of shortage of Food Items in the country citing which the Inflation will be under control along with the improve in the GDP Growth Rate on the back of strong Agricultural Production.

Its going to be a critical 6-8 months for the Economy and the Political Scenario of the Country how UPA handles its Allies and its Policies along with the growth targets. But this is for sure that if this govt successfully proves its majority in the Parliament then the UPA is again going to speed up the reforms in the Economy which can be really helpful in sustaining the growth momentum.