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Apropos your report “High growth rate to repeat in 2008” (Business Line, January 1), the honourable Finance Minister must also remember that a majority of Indians did not get to participate in the close to 9 per cent logged by the Indian economy in the last four years.

Our country remains one of the few, where industrial growth rates rarely trickle down to the bottom of the pyramid. Naturally, to the average Indian 8.6 per cent GDP growth is only of academic interest. The thing which could have benefited him most — food prices — bore the brunt of inflation.

Statistics can always be thrown around saying they are low compared to previous years, but the bottomline remains that we had to pay more to get the same goods. It hurts more as salaries and compensations have not rocketed to ‘stock marketesque’ levels. Hopefully, 2008 will see better days.

Debapriya Ghosh e-mail

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