Six crises: A perfect storm buffets India's economy

The Indian economy has been plagued by several crises in the last few months. Yet, the nature of India's national conversation of late has been such that it does not adequately capture their complexity and potential for harm to the economy. Consider, for instance, the general optimism surrounding the change of guard at the finance ministry, the prime minister’s unexpectedly gung-ho response to Moody’s downgrading of India’s growth forecast or the widespread belief that things are so bad, they can only get better.

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