Provisional data on India’s GDP for the fourth quarter of 2016-17, released at the end of last month, suggests that the economy is not shining, a condition that has been in the making much prior to the government’s demonetisation exercise: it’s private capital formation that is absent. This must rouse the policy makers to action.
The Chinese growth story has been in the media limelight for the past few decades. However, in the coming years, India's growing workforce and its consumer economy has the potential to surpass China's growth trajectory.
The World Economic Forum on India projected a grim reality with corporates wearing the Non-Resident Indian cloak and reprimanding the government for its policies. After participating in a panel at the Forum, Manjeet Kripalani gives her account of the WEF and the need for new heroes to take charge in India.