Politics and economics- just don't go together

Normally, I hate to comment on opinions of politicians, because those are always biased. But I will make an exception today.

I saw an article on Bloomberg
Here are the excerpts...
India Needs ‘Massive’ Interest Rate Cuts, Sinha Says
India should lower interest rates and accelerate economic reforms as part of a “Big Bang” after growth slowed to the weakest pace in six years, said Yashwant Sinha, a former finance minister.
“What we should be doing is release money into the system, reduce interest rates and persuade banks to lend more,” Sinha, a lawmaker of India’s biggest opposition party, told Bloomberg News in an interview in New Delhi today. “Inflation is near zero and there is no reason why the Reserve Bank of India shouldn’t be reducing the interest rates, much more massively.”
... Sinha criticized the efforts of the present government and the central bank as a “bits-and-pieces-policy,” not adequate to protect the economy from the global financial crisis. “We need a Big-Bang approach to save the economy,” he said.
... The biggest challenge for the next government “will be to take the Indian economy out of crisis and put it back on the double-digit growth path at the earliest,” Sinha said.

Here is my take on this-
1.Time for big bang is over. Economy has stabilized and now there is no reason to adopt a big bang approach

2.Interest rate reduction is a tricky thing. You cannot afford to get the timing wrong. Greenspan kept cutting rates...and look where he has brought the global economy
Mr Sinha talks about persuading banks to lend more. This is ridiculous. How do you persuade someone?
If you want somebody else to do something, then, you have set the right kind of incentives. Persuation does not work. Either you tell them (by setting laws) or you make them do (by setting incentives) what you think is right

3. Double digit growth? India can touch double digit growth may be a few years in future. But quite obviously it will not be sustainable. People should stop thinking of the economy as a corporate firm. Corporates need to grow and should grow at that pace. Double digit growth for Indian economy will not be sustainable.

I still see many people asking for more interest cuts. Given that the last interest cut happened on 21st April and the fact that reasonable estimates are putting the growth number around 6% for India, I would refrain from suggesting interest rate cuts in the short run