India's three arrows - how it can fire itself back to high growth

The Indian economy is in trouble. India recently lost its traditional rank of the second fastest growing G20 economy to Indonesia. With major imbalances and a sharp decline in growth, the challenges facing it are daunting. However, it needs to be understood that these are quite different from those of other major emerging markets. While the imbalances have declined over the last few months, this is largely because growth has settled at a much lower trajectory than in the recent past.

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