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Tuesday, 1 January 2013
Indian Economy in 2012 - Nothing to base hope on.
We have had a tumultuous calendar year that ended yesterday. The UPA II Government had projected a GDP growth at 7.6 (+/-0.25) %for FY'13. Chief economic adviser Kaushik Basu was confident about 9% growth but was worried about the impact debilitating politics would have on the economy. With a projected GDP growth of 9% in 2011-12 and ending up with 6.9%, the start of the FY 2012 -13 was upon an established lie. We didn't have any analysis on why we missed the forecast of 9% growth in 2011-12 and what exactly are going to do to achieve the >7% growth as projected. (Economic survey 2011-12)
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Labels:
Economic Survey,
Economy,
FDI,
GDP,
Growth,
Gujarat,
Jobs,
Programme Implementation,
Unemployment
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