A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.
These plans aren't likely to put substantial cash in your hands.
West Bengal was the second-most industrialised state in terms of value added and first in terms of number of factories and employment even in the mid-1960s. With a severe and long process of deindustrialisation, it lost its primacy.
The curious thing is that savings instruments have not really kept pace with changing needs, although people have access to a wider variety than before.
Finance Minister P Chidambaram, while addressing the Carnegie Endowment for International Peace on "Recapturing India's Growth Momentum" in Washington on Thursday, said that the leading think tank need not launch an initiative to explore how India will vote in 2014, declaring that the Indian polity will vote the Congress back into power.
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