Why did India s stellar economic growth at 8 percent plus in the eight years, 2003-11, collapse to 5 percent or less by 2012-13? What were the key policy failures, of commission and omission, that brought about this sharp slowdown? Now, in 2015, with a new government with a seemingly strong political mandate, why is it proving so difficult to revive the earlier strong momentum of economic development? In the new global context, is slower economic growth inevitable? These are some of the many critical economic issues ...
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Why did India s stellar economic growth at 8 percent plus in the eight years, 2003-11, collapse to 5 percent or less by 2012-13? What were the key policy failures, of commission and omission, that brought about this sharp slowdown? Now, in 2015, with a new government with a seemingly strong political mandate, why is it proving so difficult to revive the earlier strong momentum of economic development? In the new global context, is slower economic growth inevitable? These are some of the many critical economic issues explored in the 38 essays by Shankar Acharya."
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