Brighter side to Indian economy

The overall mood about the Indian economy is gloomy as we are about to leave 2011 behind us and enter 2012. The sense of gloom is not difficult to appreciate as the progress on important second-generation reforms has been tardy, investors have lost tonnes of money in the stock market, external sector sustainability issues have resurfaced after a long gap, strains are observed in government finances and the growth prospects for the global economy have worsened.

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