What went wrong with the India growth story !
: Economy : Written by NitinMishra : 09-08-2013
I still remember the TV debates about double digit growth that India was poised to attain as the world was coming out of a global recession. This was barely two years back. So what went so wrong in last two years for the economic discourse to take an abrupt turn? From stock markets to political debates the overwhelming sentiment is one that of despair. Investor confidence seems shaken and flight of capital is evident across the board. India’s Current Account Deficit is at 4.8% of GDP, a record high, While rupee has depreciated 20% annually to touch a record low …continue reading