Early exit from economic stress?

As the government staggers from one corruption-related scandal to another, I am reminded of the title of an article I read some years ago, which characterised India as "a flailing state". The epithet seems increasingly appropriate. It certainly applies to the economic policies of recent years which have ensured the collapse of economic growth from 9.3 per cent in 2010-11 to five per cent in 2012-13, the yawning external imbalance with the current account deficit (CAD) officially expected...

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