Democracy vs Dictatorship socialism
In Q2, the US economy has clocked 2.5% growth, better than expected. There are good numbers for eurozone and Japan too. This year will be better than 2012 and, presumably, 2014 better than 2013. The recovery may be mild, but India’s ability to tap into any recovery will be milder still. From an emerging-economy status, India has plummeted into a sub-5% submerging-economy category.
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