Opinion | Reality must catch up with all the rhetoric on reforms
The economy seems to be in a state of limbo, a recovery from which calls for a bold market embrace
The state of the Indian economy has been described in rather depressing terms lately. There are debates over whether India is experiencing a structural slowdown, a cyclical slowdown, a U-shaped or V-shaped recession, or no slowdown at all and simply a bump in the road. It is difficult to be objective when the numbers are suspect, and Indian growth numbers hardly inspire confidence. But there is another way to describe the state of the economy—that it is in limbo. It feels like everyone is waiting for something to happen, for the other shoe to drop, or for the government to unshackle India’s potential.