Indian FY10 GDP - devil is in the detail

Indian economy grew by 7.4% during FY 10. While the headline number looks good, demand generation - both external (sovereign debt crisis in Europe and its likely spill over) and internal (lack of adequate demand) – looks suspect going forward. Add to that is the likely stubbornness of inflation and it is not hard to understand why the growth is unlikely to be much higher going forward.

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