The Indian economy contracted by a massive 24 per cent in the first quarter of the current financial year and the recovery is expected to be slow. Economists are now arguing that India's potential growth has declined significantly. Slower growth in the coming years would dent the economic record of the present government. Business Standard opinion pieces for the day, among other things, talk about the economic record of the Modi government.
Chief ministers deal with the simpler tasks, whereas even politically successful prime ministers can fail when confronted with the interplay of complicated levers that steer economic activity, writes