ziaulislam
ELITE MEMBER
than they shouldnt claim that they did so, just simply accept the reality, growth increased from 3.7-4.0 to 5.3-6.0 in 5 years(assuming govt will replicate the 5.3+ growth next year) due to low international oil prices and more infrastructure investment with help of china, with falling exports, falling FDI, increase in govt entities loses, increase in debt to GDP ratio and all time high current account deficit.No bureaucrat/politician trims his own fat willingly. First, its a pain for them. Second, even if the reforms are successful, the bureaucrat/politicians won't get extra votes or win any popularity contest. They may even get hammered the next election cycle. So why touch the subject of reforms at all?
reserves are maintained for now but with so high Current account deficit it will require more foreign loans/investment