According to the advance estimates of GDP growth, the economy will grow by 6.9 per cent during the current year (2011-12), sharply lower than the 8.4 per cent clocked last year. This may not be surprising but a detailed analysis of the numbers does indeed provide grounds for concern.
It may even be argued that a growth rate of almost 7 per cent is commendable given the adverse global and domestic environment. However, the signs of the slowdown continuing are discernable everywhere. The Hindu : Opinion / Editorial : Time to be realistic
It may even be argued that a growth rate of almost 7 per cent is commendable given the adverse global and domestic environment. However, the signs of the slowdown continuing are discernable everywhere. The Hindu : Opinion / Editorial : Time to be realistic
"With the right policy reorientation — and a reform process that ensures transparency and regulation — it should be possible to revive these key sectors and post more impressive growth figures next year."
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