Let`s not overreact

The recent announcement of the GDP growth rate of India for 2011-12 has cast a pall of gloom over the economy. The growth rates in the four quarters of 2011-12 were, respectively, 8%, 6.7%, 6.1% and 5.3%. The ongoing eurozone crisis, and the prolonged battle that we fought against inflation in India, have all militated to cause this slowdown. This is a matter of concern to all and especially those engaged in policymaking.

Read Full Story>>