The states are together growing faster than the Indian Union!3 min read 27 Jun 2012, 10:56 PM IST
The states are together growing faster than the Indian Union!
Economists are busy revising downwards their growth forecasts for the Indian economy. Nomura Financial Advisory and Securities (India) Pvt. Ltd economists recently downgraded their estimates for gross domestic product (GDP) growth dramatically from 6.7% to 5.8%. Other brokerages will probably follow. And if we have a weak monsoon, that’ll be the last straw. It’s all rather depressing.