Still downhill

As each month’s economic numbers roll in, the slowdown gets more serious; and each month it gets clearer than before that government spokesmen who keep predicting an upturn are whistling in the dark. Industrial growth in the last eight months has averaged less than 2.5 per cent, a sustained slowdown that now looks worse than that of 2008-09. Exports too have lost the momentum of a few months ago, and grew just 4.3 per cent in February.

Read Full Story>>