The first of a 4-part article on how the Indian economy functions, and the problems it faces.
Whatever the ideologies of our leader are, the end result should be nothing more than well being of our fellow citizens, says Khemchand H Sakaldeepi and Nupur Pavan Bang.
During deleveraging the income falls more than reduction in debt due to the austerity measures.
Credit is relevant in the short run but what actually matters is productivity in the long run.
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