<b>T N Ninan: </b>Looking beyond recovery

The economy needs to do much better than its 15-year average of 7.5% growth to take on the jobs crisis. We need more reform, without the shocks

Ordinarily, quarterly economic growth of 6.3 per cent would have been nothing to write home about, in an economy that is used to averaging over 7 per cent growth. But after two quarters that reported 6.1 per cent and 5.7 per cent, I think we will take 6.3 per cent for now—signalling as it does that the economy is recovering from the twin shocks of the past 12 months. This must be a huge relief for everyone. But the operative question to focus on is, where do we go from here? The short answer is: further up the growth chart.