Getting back to 9.5% not possible in next five years, says Crisil

Apr 21 2014, 00:35 IST
Comments 0
The difference between a 6.5% rate of growth and the 9-9.5% many expect will come back with a Modi government The difference between a 6.5% rate of growth and the 9-9.5% many expect will come back with a Modi government
SummaryThe difference between a 6.5% rate of growth and the 9-9.5% many expect will come back with a Modi government

good as they did a few months ago despite global growth picking up. One reason, of course, is that the rupee is not looking as weak as it was before. The larger structural issue, though, is of India’s failure to address the fundamental flaws in its economic model — that means rising wage costs, poor economies of scale and high domestic inflation.

Single Page Format
Ads by Google

More from Frontpage

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...