Recovery - this time will be harder

It may seem premature to be discussing a recovery from India's current economic crisis when economic growth has collapsed to 4.4 per cent and is still slowing, manufacturing output is actually falling, job losses are mounting, consumer inflation remains high, the rupee and external finances are still very stressed and the fiscal deficit continues to widen (over 60 per cent of the full-year estimate in the first third of the fiscal year).

Read Full Story>>