BUDGET SANS VISION, GROWTH PILL
GDP TARGET STILL LOOKS TALL
2013-03-08 13:54
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If government intentions were truly translated into action, today India, not China, would have been the world’s second largest economy. India’s current ranking is 10th. In 1950, India produced more steel, coal, iron ore, bricks and cement than China did. It generated more electricity than China. Its presence in the global export market was more prominent than China’s. It had surpluses on both trade and current accounts.