Even if the Indian economy has bottomed out, it will be scraping the bottom of the barrel for a lot longer in the absence of supply-side initiatives and game-changing structural reforms. Without these, to talk of 8 percent growth is just so much hot air.
India is doomed to fail if we keep obsessing about silly 8 percent growth
Vembu
• March 7, 2013, 16:43:45 IST
Even if the Indian economy has bottomed out, it will be scraping the bottom of the barrel for a lot longer in the absence of supply-side initiatives and game-changing structural reforms. Without these, to talk of 8 percent growth is just so much hot air.
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 "India is doomed to fail if we keep obsessing about silly 8 percent growth")
Written by Vembu
Venky Vembu attained his first Fifteen Minutes of Fame in 1984, on the threshold of his career, when paparazzi pictures of him with Maneka Gandhi were splashed in the world media under the mischievous tag ‘International Affairs’. But that’s a story he’s saving up for his memoirs… Over 25 years, Venky worked in The Indian Express, Frontline newsmagazine, Outlook Money and DNA, before joining FirstPost ahead of its launch. Additionally, he has been published, at various times, in, among other publications, The Times of India, Hindustan Times, Outlook, and Outlook Traveller. see more
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