Slowdown revisited

Our demand-driven economic growth of the last decade resembled a needle resting atop a low flat base

We did-they did” is how the discourse on the economic slowdown has quickly degenerated into a slanging match between premature doomsayers and equally unwarranted triumphalists. That is unfortunate. All such blame games are sordid.  More importantly in this instance, they shift the collective attention away from the pressing need for action to deal with the situation at hand. We cannot be in denial by citing selective data. The blip in the growth rate is not a one-off spike but is in fact, a part of the trend, making not just the rating agencies, but also the Reserve Bank of India