The sharp fall in economic growth in the third quarter of the current fiscal, is the sixth time in the last seven quarters that growth has declined and is proof, if any were needed, of the seriousness of the slowdown.
The Hindu : Opinion / Editorial : The growth gamble: "A reduction in rates will boost sentiment, which is desperately needed now, and encourage companies to resume investment activity. As for the government, the fiscal deficit is spinning out of control and it has to either cut spending or raise additional resources, both of which are tough."
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