Land Bill will slow down land acquisition and lead to escalation in price of land
The Indian economy is impaled on fives. The current account deficit in 2012-13 was too close to five per cent of gross domestic product (GDP) for rupee stability, but we hope to lower it this year. The fiscal deficit for the current year is projected at a little below five per cent, but may well touch five. The rate of inflation by the wholesale price index (WPI) is straining to come down to five per cent year on year, but it will be a slow reach. The economy aspires to stay at the five per cent growth rate of GDP achieved last year, but may not get there.
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