This refers to the editorial “Growth crisis deepens” (December 3). The case for accelerating growth could not be stronger for a nation where a sizeable population lives below the poverty line; that must create adequate livelihood opportunities for its growing labour force; and where a massive expansion in infrastructure investment is required. We need more private investment to achieve higher growth, which in turn will attract greater investments, and keep the economy growing at higher rates. Sadly, this might be the year that India records the lowest annual growth in a decade. With agriculture not doing well, the economy facing an industrial slowdown and global economic turmoil far from over – and unlikely to get better before 2014 – we might have entered a period of low growth that is here to stay. The consequences could be damaging.
Manish Kumar Patna
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