It looks as though we will touch 9% growth this year itself, assuming the monsoons don't disappoint. Earlier, most forecasts suggested that growth would touch 9% only in 2011-12. If we do touch 9% this year, it will be in the face of a still incomplete global recovery. Conclusion: our growth of 9% is not entirely contingent on a global boom, as some commentators had claimed.
The challenge is to insulate 9% growth from the vagaries of the world economy. More on this in my ET column, Boom or no boom, India can grow at 9%
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Sir, you are awesome. I love your blogs bcoz I learn so much from you and your exp. Thank you so much. Keep the productive race on and on...
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