Has Indian economy really bottomed out?

GN Bureau | June 1, 2013



There are question marks over the India story as the growth rate is inching closer to where it was when the current PM was brought in as FM more than two decades ago. Fiscal 2012-13 clocked only 5 percent growth. But the central statistical organisation (CSO) has added a hopeful note: that the economy has bottomed out, growth can only pick up from here.

Is that believable, given the populist pressures and wasteful spending of the election year?

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