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View: Tackle the factors that make India uncompetitive, long-term growth's greatest threat

Aug 14, 2019 - The Economic Times

The Indian economy keeps sliding downward. GDP decelerated steadily from 8.2% in the first quarter of 2018-19 to 5.8% in the last quarter. Is this a short-term blip, or a deeper, more serious structural problem? The correct answer is 'both'. The combined impact will mean maybe no more than 5.5-6% growth in 2019-20, against the officially projected 7.5%.Countercyclical strategies using fiscal and monetary easing can combat short-term threats.

But the long-term outlook is gloomy, since Indi...