Five per cent growth is disappointing but only after having reached nine per cent. However, it is still not all that bad, says Andrew Michael Spence.
The long-term growth perspective or potential for India is one of the highest in the Asia Pacific region.
Movement of rupee and crude oil prices will also dictate the trend
Bharti Retail launched its first mall, The Pavilion, in Ludhiana.
It is clear that wineries with good facilities for visitors will gain significantly both in image as well as in commercial terms, says Bengaluru-based wine consultant Alok Chandra.
'A broad-based revival of private sector investment was likely in 2018-19 after businesses had successfully made the switch to the GST.'
He said the UPA had left the economy in a dire state, with Consumer Price Index and food inflation at double digit, Wholesale Price Index inflation around 6-7 per cent and growth prospects were limited.
But lower growth numbers in the quarters to come may not mean renewed weakness in the economy at the ground level, says Pranjul Bhandari.
India grew at 7.6% in 2015-16 and at 7.2% in 2014-15.
ISB professor Krishnamurthy Subramanian tells Shobha Warrier/Rediff.com that Modi government's continuation of tax terrorism is driving away investors.
Debt returns are always negative for investors in India, unless they are willing to take huge risk
It is pegged at 6.8-8% by various economists, as compared to 6.7%.
This is the story of a biotechnology engineer who, at age 22, founded Terra Greens Organic -- a company that aims to engage at least 10,000 farmers in organic farming in the next one year.
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