The growth story is not over

Panic has struck the vast majority of commentators on the Indian economy in the wake of the recent decline in the growth rate. In turn, they have spawned a number of myths that pose additional threats to future growth by creating self-fulfilling negative expectations.If the India growth story is to sustain, these myths must be exposed for what they are and balance restored to the policy discourse. The first myth is that growth has collapsed. It is expressed variously in the press.

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