Depending on what you read and who you listen to, you may conclude that the Indian economy is in a crisis, or is turning around.
Of course, Marxists, for well over a century, have seen a “crisis” coming in every capitalist system. But, “crisis” proponents in India, “Despondents” henceforth, are not restricted to Marxists alone. Titles such as “India’s imminent economic crisis” appear even in mainstream newspapers. A month ago, Yashwant Sinha, a former finance minister of the ruling party, described the economy on a downward spiral, heading for a hard landing.
Despondents point out that the economy has lost
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