The sources of growth

Not for a decade has growth in gross domestic product been as low as it is likely to be this financial year. Finance Minister P Chidambaram now says that it may be in the 5.5-6.0 per cent range; the Reserve Bank’s figure is midway, at 5.7 per cent. More worryingly, while the slowdown has been caused very substantially by a shortfall in investment , there seem to be few sources of recovery on this front.

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