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<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

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T N Ninan
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.
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