It is not the rupee that needs saving

According to newspaper reports, the Prime Minister was at pains to explain to the audience of a book release (Agenda for India's Growth; Essays in Honour of P Chidambaram) that India's GDP growth rate at 5.5 per cent for 2013-2014 is not all that bad, and certainly not cause for alarm or emergency action. I do want to say that we will be lucky to get even 5 per cent GDP growth in 2013-14.

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