Left saved India from deeper recession: Sitaram Yechury

Sitaram Yechury

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Sitaram Yechury, Politburo Member, CPI (Marxist), said the efforts of the Left to stop four measures of the UPA — capital account convertibility, allowing of foreign banks to take over private Indian banks, the privatization of pension funds, and increasing FDI in insurance — India would have been in a deeper crisis thanks to the global recession.

It is definitely true that Left should be credited with blocking of “capital account convertibility, allowing of foreign banks to take over private Indian banks, the privatization of pension funds, and increasing FDI in insurance”, But their real intentions were questionable. Their mentor “China” wanted to block these measures to prevent India’s economic development. Their proxies did the blocking at ground level. Remember   China still pursuing these economic agenda at right earnest. Lefts at West Bengal & Kerala still soliciting FDI.

As elections are around the corner, you may hear more patriotic  claims. They thought that people have very short memory.

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