Has UPA 2 lost the battle to revive the faltering economy?

Rajdeep Sardesai, CNN-IBN | Aug 20, 2013 at 08:37pm


With the economy not showing signs of coming out of the slowdown, the markets crashing and the rupee hitting a record low of 62 to the dollar on Friday, Finance Minister P Chidambaram appealed for calm and urged people not to spread panic saying that the sharp falls in domestic markets that sent the rupee to a record low were a reaction to global developments and he expected calm to return soon.