By all accounts, the new financial year will be a year of recovery. Buoyed by the prospect of a normal monsoon and a return to normalcy after a period of disruptions, the economy is generally predicted to deliver growth that is distinctly better than the trend rate for India, post-financial crisis, of 7.0 per cent. Five of the last 10 years have seen sub-seven growth rates, while three have seen growth touch 8 per cent or more. Of those three, one year saw double-digit growth. The objective of policy should be to achieve more even growth henceforth with clear acceleration.
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