Tuesday, February 05, 2013

Back To Nehruvian Rate of Growth

The IMF has dropped India's growth forecast to 4.5% - we are almost back down to the Nehruvian rate of growth that Congress felt so comfortable stagnating us with for over a half-century:

http://economictimes.indiatimes.com/news/economy/indicators/imf-forecasts-4-5-growth-for-india-to-lose-second-fastest-growing-economy-tag/articleshow/18342449.cms

Remember, the Congress Party's sole goal is to stay in power at all costs - whether the country rots out from underneath them isn't really a concern to them - the Nehruvian rate of growth is merely a consequence of that.

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