levine said finance minister p chidambaram was making all the right noises with pledges to curb the government deficit and lift business confidence and investment but bold measures were needed to revive and restore the health of the economy while we applaud the intent of the new finance minister it all has the feel of being a quick fix lastditch effort to avert the economy from its downward spiral but an economy is a complex combination of millions of different unitshouseholds firms government entities and so forththat cannot be easily manipulated using tricks or quick fixes at least not over a prolonged period levine said we will need to see sustained progrowth policies before we start to consider the indian government anything but a sizeable drag on economic activity he said the agency expects growth to rumble along at 56 to mid2013 and said that risks to the outlook remained elevated and weighed to the downsidetimes viewmoodys report govt should act not sulk this is only the latest in a long list of individuals and institutions who have been saying much the same thing government inaction is costing the economy dearly it would be a mistake for the government to bristle at this suggestion as it has more often than not done in the past and get defensive about it it must come to terms with the fact that there is a widespread perception of paralysis and one that is not entirely baseless the best way to react to such a perception is to seek to dispel it with action no amount of denials or announcements of pious intentions can substitute for concrete action