Chinese-Dragon
RETIRED TTA
- Joined
- Jul 9, 2010
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- 33,932
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right, the inflation could largely hitch any growth incentive.
hence a vicious cycle comes into being. momentum is gone and India will take many years to gain the growth over these years.
Look at India's average growth rate over the past decade. It's not actually that impressive to start with.
Their expectations are too high when the Indian government targets 9% growth. And then of course they fail to achieve their growth and inflation targets almost every year.