Hedge your bets

THE scenario, of late, has started looking much more positive thanks to a steep fall in commodity prices (especially of crude and gold) raising the hope that the Government will be able to contain the current account deficit keeping it well under the target for the current fiscal. Some headway has also been made in project clearances and resolution of contentious issues with regard to key reforms. The Prime Minister’s Economic Advisory Council also confirmed that worst is over, and the economy is now expected to grow by over 6 per cent due to the recent policy measures taken and declining inflation, giving space for monetary easing to support growth.


About gfilesmagazine

gfiles is the country's first independent magazine written, designed and produced for India's civil services—the vast and formidable network of bureaucracies and public sector organisations that provides continuity and stability to this nation's governance.
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