Hacks for investors in a stalling economy
How long will India’s growth slowdown last and what should the individual investor do?
We are back to the ‘Hindu rate of growth’, when the average citizen would have to wait 70 years to see her standard of living double—if she lived that long
New Delhi: The gross domestic product (GDP) growth figure is not just a number. For millions of Indians, it creates the hope of putting shoes on their children’s feet, repairing a leaky roof, or having the money to ferry a patient to the nearest hospital. The liberalization of 1991 created economic growth that lifted huge swathes of our population above the poverty line. By one widely accepted metric, 2% of Indians were eased out of absolute poverty every year since. Sustained growth and the expansion of welfare programmes, many felt, would take care of the rest.