Best of BS Opinion: Managing expectations, the state of states & more

Here is the best of Business Standard's opinion pieces for today

Chief Economic Advisor V Anantha Nageswaran has done well to note that growth in gross domestic product (GDP) in the current fiscal year is likely to be between 6.5 and 7 per cent. This is perhaps the first time a high-ranking government official has expressed the possibility of ending the current fiscal year with GDP growth lower than 7 per cent. In this context, our lead editorial notes that some of the risks to growth and macroeconomic stability are unlikely to abate very quickly. Read here

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The reluctance to spend more could be prompted by