India skeptics are wrong, growth can return soon

According to the advance estimate that was released by the Central Statistical Office sometime back, GDP growth during the second half of 2012-13 is expected to be just 4.6%.

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News on the Indian economy has been worse than even what the pessimists had predicted. According to the advance estimate that was released by the Central Statistical Office sometime back, GDP growth during the second half of 2012-13 is expected to be just 4.6%. This is one of the worst growth performances of the Indian economy in the post-reform era.

The UPA had inherited a robust economy with the GDP growing at 8.5% in 2003-04. Absent a miracle, it will now bequeath its successor government an economy at its weakest in many years. This debacle in growth performance has brought India sceptics back to surface.