IMF’S BITTER MEDICINE FOR INDIA’S AILING ECONOMY
FUEL SUBSIDIES, SUPPLY BOTTLENECKS AND INVSTMENTS
2013-02-06 17:15
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India has not had a more adverse report card on its economic performance than the IMF’s Annual Health Check of 2013, in over two decades of the post-liberalisation era - a substantial slowdown in growth, elevated inflation, combined fiscal deficit of 8.7 per cent of GDP, widening current account deficit, and new risks to the financial sector.