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India risks losing status as top destination for FPIs

India's macroeconomic indicators no longer seem appealing

Krishna Kant  |  Mumbai 

In April last year, then Reserve Bank of India (RBI) governor Raghuram Rajan described the Indian economy as a one-eyed king in the land of the blind. He was speaking in the context of India becoming the fastest-growing economy despite a gloomy condition around the world. A year and a half later, India’s macroeconomic indicators no longer seem appealing even as the world economy sees a strong rebound in both economic growth and trade. “The recovery in India’s economic growth post the 2013 currency crisis wasn’t absolute but we were only better off compared ...

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First Published: Tue, October 03 2017. 01:01 IST
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