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The fountainhead of India’s economic malaise


The state of India’s economy is deeply worrying. I say this, not as a member of the Opposition political party, but as a citizen of this country and as a student of economics. By now, the facts are evident to all — nominal GDP growth is at a 15-year low; unemployment is at a 45-year high; household consumption is at a four-decade low; bad loans in banks are at an all-time high; growth in electricity generation is at a 15-year low — the list of highs and lows is long and distressing. But the state of the economy is worrying not ...


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