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Shankar Acharya: India - before and after global crisis
Nearly three years ago I had noted that the period 2003-08 was the best sequential five years of macroeconomic performance that India had ever achieved, according to the usual criteria of growth, inflation, external balance, fiscal deficit and aggregate investment (“The halcyon years, 2003-08”, Business Standard, October 9, 2008). By the spring of that year the international commodity
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