Buy custom India Will Be Able To Achieve More Than 7.5% Gdp Growth In 2009
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Inflation: This is a sole strong reason which is hindering the growth of the Indian economy. For the past few months the inflation rate is hovering around 12% p.a. which is much above the RBIâs comfort zone of 5% p.a. this is hurting the Indiaâs growth story badly as it is eating into the real income of the consumer...
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The factors that are hindering the fast growth of economy seems to be temporary in nature which should be overcome by prudent fiscal management. Also in the maturing democracy the electorate is not easily dissuaded by irrational populist measures which further discourages the government of the day to announce âfree sopsâ in the face of the upcoming elections...
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