Apropos the edit “Centre’s only choice” (September 3), it would be premature to assume that the economy has bottomed out and the worst is over. The possibility of a return to the good old days of nine per cent growth without carrying out radical economic reforms that should include subsidy reforms looks remote.
A month ago, the prime minister had talked about reviving the “animal spirits” in the economy. It’s time the government walks the talk by taking bold steps to dispel the uncertainty on policy issues, and expedites project approval, especially in the infrastructure sector. Or else, as the edit rightly argues, “India will find 5.5 per cent is its new normal.”
Manish Kumar Patna
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