Decisions to cut subsidies & step up investment are in order

The government has caught up with the analysts, the Mid-Year Review tabled in Parliament admitting that growth is likely to slow down from the projected 9% to 7.5% this fiscal, give or take a quarter of a percentage point. Not quite shock and awe. What is quite disturbing is the behaviour of investment: its growth rate had slipped to negative territory in the second quarter.

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