India
MONETARY POLICY RETARDS GROWTH
POLITICAL PROBLEMS ALSO CONTRIBUTE
2011-06-04 08:31
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Two sets of data released during the current week, namely the GDP figures for 2010-11 followed by the figures for core sector growth in April this year, give fairly clear view of the state of the Indian economy. Two aspects will have to be distinguished in these data. First is the level of expansion of the Indian economy in 2010-11. The other is the rate at which this is happening. Confusing these two aspects should give rise to some confusion.