GDP Calypse now

The shine has come off. If it isn't bad enough that India's economic growth appears to have hit a four-year low in the January-March quarter, the GDP growth figures for 2012-13 that will be formally announced on Friday are likely to be around the five per cent mark. Headed into an election year, our economist Prime Minister has been assuring Japanese industrialists in Tokyo and Thai investors in Bangkok that the Indian economy will bounce back, but the ground reality back home is different. 

Read Full Story>>