RECALIBRATING THE INDIAN ECONOMY

.....This is the first formal sign that a recalibration of the economy is underway; in short, the government is signalling that the party is over for now. Maybe it is just a coincidence; but the move has come after a change of guard in North Block. Though the eternal optimists—especially those who have shamelessly sought to talk up the economy knowing fully well that the facts suggest otherwise—will baulk, this dose of pragmatism is welcome.......

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