Monday, May 6, 2013

Down to the politics now

....Subbarao, perhaps presenting his last full-year monetary policy before he demits office in September, have spared no punches in making it clear that the real reasons for the crippling slowdown are brewing somewhere else. The RBI reckons that India's GDP - or the aggregate value of all goods and services produced in the country - will likely grow by 5.7% in 2013-14, by no means a V-shaped boom that would help the economy regain its status.........

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