Latest GDP numbers indicate a growth of 5.5% in Q1 of 2012-13. This growth rate is slightly higher than the 5.3% growth registered in Q4 of FY12, a consecutive decline for five quarters.
Monsoon that plays truant, and continues to...
The logic of increasing the interest rates to stave off crisis in the Asian economies was often criticized because East Asian nations were already running budget surpluses in the run-up to the crisis and had tight monetary policies. But....