Kick-start economy, unclog growth

Despite two unhappy data points last week — a four-year low in the economy's growth rate and an all-time low in exchange rate — there are nascent signs that things have begun to change for the better. From a policy standpoint, a reassuring development was Prime Minister Manmohan Singh's word in the Parliament that current challenges would not lead to a panic-stricken reversal of the trend of gradually opening up the economy. Stability in policy, particularly in a volatile period, acts as a countervailing force to uncertainty.

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