30 October, 2020

Train And The Tunnel

The worst may be over, but any recovery is still a long way off

Getty Images (From Outlook 17 June 2013)
Train And The Tunnel

A Few Good Questions

  • Has the economy bottomed out?
    Despite optimism that the worst is over, most forecasts have pared growth expectations for 2013-14
  • Will inflation remain under check?
    If the monsoon delivers, WPI inflation may remain at 5%; but the danger lies in supply side issues in foods
  • Will there be a pick-up in govt and pvt investments?
    Efforts to ease some of the bottlenecks will bring more projects in power, steel and cement to completion
  • Can the youth look forward to better employment opportunities?
    Jobs in manufacturing remain tough; slippage in services growth won’t help
  • Will consumption-led stimulus save the day?
    Buying sentiment remains sluggish, but that could quickly change with lower interest rates.


“Do not belittle India’s growth prospects,” Union finance...



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