The signs are there for all to see: a steep drop in automobile and two-wheeler sales, over 1.3 million unsold homes, a fall in real wages for daily and rural workers, fewer bank loans being disbursed. The list goes on and on. Comparisons to The Great Depression are trotted out regularly. And the looming question on everyone’s mind is: is this a slowdown in growth or are we hurtling towards a crisis? Is this a temporary trough of an economy in transition or is this a sign of macroeconomic policy paralysis? Are we unable to see that the glass might just be half full?
Panelists : Ritu Dewan, Samiran Chakraborty, Sucheta Dalal
Chair : Mini Menon