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This is an archive article published on June 28, 2012

‘Policy paralysis’: India’s new catchphrase

References to 'policy paralysis' surged just as rupee tumbled to an all-time low of 57.32.

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Is there a correlation between the phrase ‘policy paralysis’ and the performance of the Indian rupee? You be the judge.

The number of news media references about policy paralysis in India has surged,hitting 590 mentions in June as of Wednesday,the highest this year,according to a news search conducted via Factiva.

The references have surged just as the rupee tumbled to a record low of 57.32 against the dollar on June 22.

References to policy paralysis are above the 535 references tallied by Factiva in May,when the local currency first began to hit a string of records,and above the 489 references in December,when the rupee also skidded.

 

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