Running on empty: Why 8-9% growth isnt coming back

May 23, 2012 16:14

For a country that had for decades chugged along at a lowly 3-4 percent GDP growth rate, the frenetic 8-9 percent growth of some recent years made for a giddy experience.

While the economy was on an uptrend, largely on the strength of propitious global economic and liquidity conditions and the delayed effect of the reforms of the 1990s and the early 2000s, policymakers began talking up the prospect of India achieving double-digit growth rates.

Read the full report on Firstpost.com

« Back to LIVE

TOP STORIES

Quality Control Orders: What does this mean for domestic industry?

From toys, footwear and furniture to insulated flasks, smart meters, and air coolers - the Central government over the last decade has mandated higher standards for production and imports of such items. Sample this: Till 2014, there...

Why Pant Apologised To IPL Cameraman

Rishabh Pant was at his aggressive best as he hammered GT bowlers during his knock of an unbeaten 88.

Rahul, Hema in fray as 89 seats go to polls in 2nd phase

In the second phase of Lok Sabha polls on Friday, polling is scheduled in all 20 seats of Kerala, 14 of the 28 seats in Karnataka, 13 seats in Rajasthan, eight seats each in Maharashtra and Uttar Pradesh, seven in Madhya Pradesh, five...

EC seeks BJP's response on Modi's Banswara speech

At the same time, the EC also asked the Congress to respond to complaints filed by the BJP against Kharge and Rahul Gandhi regarding their respective remarks.

JD-U leader shot dead by bike-borne assailants in Patna

The deceased has been identified as Saurav Kumar. Another person accompanying him, Munmun Kumar, was injured in the firing, they said.