India’s economic growth challenge
The government's constant talk of fiscal consolidation and 'living within our means' does not inspire confidence
How often have you heard the country’s finance minister talk about taking India to new heights of economic growth? I have routinely heard leaders of the Bharatiya Janata Party (BJP), especially finance minister Arun Jaitley, cheerleading the economy and setting a growth target of 8-10% gross domestic product (GDP) growth. Only recently he said that 10% growth was “reasonably possible".