Tuesday, April 15, 2014

In deep trouble

...........In the absence of any spontaneous signs of recovery and with the Reserve Bank of India focused on the other significant problem, inflation, the compulsion on the new government to get to grips with this frightening situation is enormous. But, given the depth of the problems, it would be naive to expect a mere change of guard to immediately set the recovery ball rolling. The government will need to address the issue at a number of levels.............

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