 "Illustration: Binay Sinha")
With the National Democratic Alliance (NDA) government completing its five-year term and elections under way, it is a good time to outline what should be some of the macroeconomic priorities for the new government, whether NDA (as seems likely) or some Congress-centred coalition. The economic record of the last five years has been mixed, ending on a somewhat weak note and entailing substantial challenges for the incoming government, especially in the context of a weakening global economic environment.
Consider the following:
- Even the official 2011-12 base national income data (which has suffered its due share of professional questioning) show a growth slowdown
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