With inflation in India hitting a whopping 11.63%, questions have been raised about the long term sustainability of India's current economic boom. In his weekly column, Eye on India for the magazine Live Mint, columnist Nirvikar Singh argues that India can continue to sustain its growth rate despite what happens to the global economy provided the right set of policies are in place.
Read the complete article Surviving the Next Crisis
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Looking at the current scenario, sustaining growth seems impossible. Just yesterday I saw on UTVi that the GDP growth for this year which was earlier pegged around 9+ % is being reviewed. Indian economy is responding to global cues. When oil prices are rising all over the world and many countries are facing acute food crisis, how will India not be affected?
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