The UPA's mismanagement of the economy laid bare

The release on Thursday of the advance estimates of national income in 2012-13 by the Central Statistics Office came with numbers that will have startled and worried most observers. The headline fact is that the growth of gross domestic product at factor cost at constant (2004-05) prices is estimated at merely five per cent. Not for a decade, since the National Democratic Alliance had to deal with the after-effects of drought in 2002-03, has a full year’s growth been so low.

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