Saturday 21 July 2012

Time Magazine dubbed Indian Prime Minister Manmohan Singh as Underachiever

Leading American magazine Time on the cover of its latest Asian edition dubbed Indian Prime Minister Manmohan Singh as the Underachiever. The magazine which hit the stand on 16 July 2012 carried three stories including the cover story to describe the gloomy economic scenario in the country. The magazine insisted that Indian Prime Minister has been starkly unable to reverse the pessimistic economic environment in the country.
Once widely regarded as a staunch reformer, Manmohan Singh has come under severe criticism over his failure in beefing up the economy. Earlier US President Barack Obama had urged Indian government to introduce some much needed reforms in the country to reinvigorate the investment sentiment among the global investors.
Earlier Time magazine in its June 2002 edition had termed the then Indian Prime Minister Atal Bihari Vajpeyee 'asleep on the wheel.Time sells 264000 copies in entire Asian continent, while, the Indian subcontinent accounts for the sell of as many as 47000 copies, accounting for almost 18 percent of the sales.

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