It is not a positive indication that the top entrepreneurs of the country had to knock at the doors of the government regarding the acute power crisis being faced by them. This has once again proved that the Centre is incapable of taking important economic decisions. It is strange that the lack of fuel, imported coal prices, delay in coal power projects, environment and forest related issues have concerned the entrepreneurs but the government is proving to be a lame duck over the issue. More baffling is that when the government is questioned about its sluggishness on economic matters, it is immediately termed as incorrect and futile. Though the callous nature of the government towards economic matters has been outlined by everyone, the policy-makers are indicating that there is nothing wrong on their part. They either blame the opposition for the entire problem or global circumstances. It cannot be denied that the volatile economic conditions in the USA and Europe have left an adverse effect on the Indian economy and hostile nature of the opposition is also a big roadblock, however, this does not prove the government is functioning properly. On the eve of New Year, Prime Minister Manmohan Singh greeted the nation with assurance of providing a committed and honest ruling dispensation, which is a telltale sign of the Centre’s failure on economic reforms. It is quite disappointing that the government has failed to take concrete steps on economic issues and major other matters.

Besieged with episodic corruption and scams, the UPA-II has showed its short-sighted approach regarding several issues, which has been seconded by Finance Minister Pranab Mukherjee who recently said that the situation is back to square one. Now the Centre is giving indication that everything will be put in order in the forthcoming general budget, but it is not a cake walk. This is because the government is dillydallying in taking decision regarding economic reforms and unable to sort out internal feud in coalition set-up. In some cases, despite the formation of GoM, the government has failed to reach consensus. Until now India’s economic growth was expected to be 7 percent but it is likely to reach this mark. The World Bank has projected India's economic growth during the current fiscal year to be 6.8 percent. The World Bank has categorically said that the government’s dithering in taking decision regarding major economic issues has hamstrung the pace of Indian economy.