After the turmoil in financial systems, the USA economy has become Pandora's box for most of the global observers. It has become fashionable to talk about 'stimulus packages and bailouts'. Being expert in all fields and caretaker for anything and everything below the sun, the politicians are more than keen to talk about it.

There is nothing wrong if the finance minister talks about the market- read BSE Sensex- once in a blue moon. However it becomes a cause of concern, if he appears to be marketing the index almost all the time. A fall of more than 1000 points and we find a cartel of politicians more than eager to speak with media giving assurance of the economy. At the other end the left faction of the political fraternity is patting their back for their 'inward' looking policies. But there is a lack of balanced approach towards the current business environment which will propel the growth in the long term.

As we approach the elections there is a need to think of some long term agenda which will go beyond the temporary 'stimulus' based on US package. The G20 meet is expected to provide the necessary platform to the emerging economies such as China and India to make the due representation. There is a need to introduce the idea of broadening the role of international nodal agencies such as international monetary fund. There is a need to introduce robust financial systems, integrated at global level from regulatory perspective. Just infusing money in the system will not do, but there is a need of a long term concrete solution to this problem and nothing wrong if we expect it from the current government.