Three things to worry about

Three things about the current state of the Indian economy bother me. And no, I’m not going to harp on the clichéd “policy paralysis” that everyone is talking about. In fact, I believe initiatives like the fairly sharp increase in fuel prices, the accelerated clearance of foreign direct investment projects and the pick-up in spending on road projects and other infrastructure seem to suggest that someone is in charge (finally!) and is following a conscious strategy to fight the slowdown.

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