The first advance estimates of gross domestic product by the National Statistical Office showed that India will grow at 5 per cent in the current financial year. In nominal terms, the economy is expected to grow by just 7.5 per cent, compared with the assumption of 12 per cent in the July Budget. Slower than expected growth will itself complicate matters.
Here’s a collection of Business Standard Opinion pieces for the day.
With a fresh assessment of the state of the economy, all stakeholders would now look forward to the Union Budget to see how the government plans to revive