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With a favourable external environment and a stable exchange rate, India can achieve $4 trillion in next three years.
Both were carved out of BIMARU states, but one raced ahead.
The Vajpayee govt suppressed food prices and lost, while the first Manmohan Singh govt corrected that and was re-elected. It’s good politics and good economics.
Some countries are even set to make the leap from developing to developed status, as South Korea has already done.
Capacity utilisation rate, consumer confidence, and outlook for demand in manufacturing sector in third quarter were less optimistic, RBI surveys show.
Reduction of employment-generating tendency of economic growth has been especially marked in the last 15 years
Attention has to be focused on the relative stagnation in merchandise exports over the medium term.
Also urges a clean-up of banks' balance sheets as it projects growth at 7.8% for FY 19-20.
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