Why growth falters

The government’s spokesmen are busy issuing renewed statements of optimism, now that industrial growth in November has logged in at a pleasing 5.9 per cent — the highest in five months, and well above the sorry April-November average of 3.8 per cent. They concede that the October-December quarter will deliver poor GDP growth numbers, but expect things to pick up after that, with growth for the full financial year ending up between seven per cent and 7.5 per cent.

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