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The Underachiever issue:TIME Vs OUTLOOK

Time magazine has termed Prime Minister Manmohan Singh an "underachiever", flaying him for not acting decisively when the country's economy was slowing.

The magazine features the Indian prime minister on the cover of its Asia edition dated July 16, 2012.

With 79-year old Manmohan Singh's portrait on the cover page, the blurb reads: "The Underachiever. India needs a reboot. Is Prime Minister Manmohan Singh up to the job?"

The cover story titled "A Man in Shadow" flays the prime minister and his government for failing to act when the country's economic growth was slowing down.

India's economic growth slumped to nine-year low of 5.3 percent in the quarter ended March 31, 2012. The gross domestic product (GDP) growth fell to 6.5 percent in 2011-12 as compared to 8.4 percent in the previous year.

"Investors at home and abroad are beginning to get cold feet. Voters too are losing confidence, as rising inflation and a litany of scandals chip away at the government's credibility," said the magazine, which will be in the market next week.

The magazine on its cover photo of Obama has a blurb that says: “America needed a reboot he promised hope and change. Four years on, President Barack Obama’s sheen is gone. Can his lofty rhetoric carry him home again?”

Manmohan Singh has come under some serious criticism for his inability to fast track India's growth story.
But today, Tata Group Chairman Ratan Tata has come out in strong defence of Prime Minister Manmohan Singh, saying the architect of 1991 reforms should not be singled out for the country's current economic woes.

"Attacks on the architect of 1991 reforms which brought us prosperity is sad and unfortunate. It's wrong to single out the PM for inflation, low investment confidence and slow growth," Tata said on social networking site twitter.

Recently, in an article, the Time magazine termed Manmohan Singh as an underachiever.

The magazine featured 79-year old Manmohan Singh on the cover of its Asia edition dated July 16, 2012 with the blurb: "The Underachiever. India needs a reboot. Is Prime Minister Manmohan Singh up to the job?"

The cover story, titled "A Man in Shadow", says the prime minister appears "unwilling to stick his neck out" on reforms that will put the country back on growth path.

The article says: "Investors at home and abroad are beginning to get cold feet. Voters too are losing confidence, as rising inflation and a litany of scandals chip away at the government's credibility."

The magazine says that Singh, who has been accused of "policy paralysis" by the opposition, "seems unable to control his ministers and - his new, temporary portfolio at the finance ministry notwithstanding - unwilling to stick his neck out on reforms that will continue the process of liberalisation he helped start."
(source :yahoo)

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