A brief slowdown has been magnified into a collapse; a gradual revival is being employed to predict a ‘hard-landing’. This hard data flies in the face of all pundits crying themselves hoarse about the economy going into a tailspin. Yes, there is a slowdown, and yes, the blame for it can be squarely laid at the altar of demonetization and GST. Rising sales of vehicles and airport tickets, increase in steel production and growth in exports — all make for the trappings of an economic revival. This is the way of all transitions, especially economic transitions.

Source: dna October 05, 2017 15:56 UTC