The ascendency of India as an economic world power

Palaniappan Chidambaram or more popularly known as P Chidambaram is the finance minister of India. He has an important role in the economic liberalization of India. He is also close to the Indian Prime Minister. Palaniappan Chidambaram believed in free market economy and he is always ready to support the private sector and encourage privatization. He is under a lot of pressure now from everyone because of high rate of inflation.

The price of basic commodities has increased a lot in the recent months in India. Many politicians are accusing the wrong financial policies taken by the government. Mr. Chidambaram has promised to take some measures to ease the pressure of inflation. He asked people and the business community not to get panicked. Well, I don’t think that most people would get assured with this.

 
Related Article

India finance minister warns against panic as prices hit 13-yr peak