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Why is Indian economy sinking? 5 glaring mistakes

There were several mistakes, all reflecting policy and governance weaknesses. Yes, we are in an economic crisis, albeit in its early stages. How else would you describe a situation where economic growth has collapsed, industrial output has stagnated for two years, jobs are being shed, consumer inflation is close to 10 per cent, the current account deficit (CAD) in the balance of payments is nearly five per cent of GDP at last count, investment is fleeing abroad, external debt maturing in the ...
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