Logo
Logo

When did the slowdown begin?

The current phase of growth slowdown is traced to the year 2011-12 when, going by the CSO data, GDP growth decelerated sharply to 6.2% from 9.3% the previous year; led by the near-collapse of manufacturing sector to 2.3% from 9.7% in 2010-11. Experts built up a near-consensus view that the slowdown was largely domestic in nature; the hypothesis that gained currency was policy paralysis in government as the core concern.

Read Full Story>>