Vivek Dehejia in his weekly LiveMint column weighs in on the recent discourse around decelerating GDP growth rate:
"Unfortunately, the degradation of the discourse is such that among commentators, and the government’s defenders and detractors, the view appears to be either that nothing is wrong and all of the recent hand-wringing about the economy is misguided, or that the sky is about to fall and economic catastrophe awaits. Both views may be politically useful, but both are misleading and pose their own dangers: complacency, on the one hand, and premature panic, on the other.
..and while it is true that GDP growth has been decelerating, but it is also true that the recent fluctuations are much smaller in amplitude than we have observed in earlier years."
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