And, conversely, if there are increased digital transactions and tax scrutiny, as claimed, will that eventually lead to more growth? Has the Narendra Modi government leveraged the historic mandate it received, in terms of economic policy? Even if growth picks up in the last two quarters, it is unlikely to exceed 6.5%, which is the government’s forecast. In brief, India’s growth has dipped below average for the last 30 years. Economic policy can give huge positive or negative jolts.

Source: The Hindu January 23, 2018 18:45 UTC