Supplying demand

Faithful readers of this column will recall my decision earlier this year to shift focus from issues in the domestic economy to India’s place in the world. I am deviating from that principle this month. I was recently asked to make a presentation on India at an international conference, and this prompted me to look carefully at the Indian numbers once again. The key question of interest to the audience was why Indian growth had slowed, and when it might revive.

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