India’s economy in ‘downward spiral.’ What did Modi get wrong?

Source: CNN

India’s economy, once hailed as a global bright spot, is down in the dumps.

Growth in the South Asian nation fell during the first six months of 2017 from 7% to 5.7%, its slowest pace in three years, and analysts say the road to recovery is steep.”We’re on a downward spiral,” said Mohan Guruswamy, head of the Center for Policy Alternatives in Delhi, and a former official at India’s finance ministry.

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Categories: Asia, India

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