Explained: Why GDP slowdown isn’t a surprise and how Govt and RBI saw this coming more than a year ago
This sharp powering down has disrupted the plans of Corporate India. Companies across sectors — from those making tractors to toothpaste — had, over the last two decades, been primed to plan for a trend growth rate of 8 per cent.
The financial sector is on the brink. The Reserve Bank of India and the government have been unable to address two critical needs of the industry, namely, cost of credit and availability of credit.
In just about a year-and-a-half, India has hurtled down the
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