The editorial “Pulling back from the cliff” ( Business Line , January 3) is very relevant in today’s economic situation in the country, such as fall in industrial production, high inflation, current account deficit, price rise, a feared fall in GDP, et al .

When a large economy such as the US experiences massive problems calling for austerity and tax rise, their impact on smaller economies such as India is of consequence.

It is very necessary that the country keeps its eyes wide open and studies the impact of the measures being adopted by the US and other countries on our economy and respond in a meaningful way.

The editorial comment that “India must explore markets outside of advanced economies besides growth opportunities within the country” is a pragmatic way to face possible impact.

T.R.Anandan

Coimbatore

Wealth from waste

This is with regard to “Thai ‘scavengers club’ turns trash to treasure” ( Business Line , January 3)

These ‘ragpickers’ utilise things collected from rubbish bins to acquire bread and butter, in an organised manner, even on the lines of co-operative societies.

Quite impressive, it is ‘wealth from waste’ at any rate.

If similar movements could be organised in India, the change brought about in the living status of the poor would be nearly revolutionary.

K.Gopalan

Bangalore

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