Id like to begin with a line from some singer's song that says: This happens only in india..
Policy paralysis, interest rate cycle at its peak, a seven year-low on full year GDP, slowing growth impacting govt revenues, inflexible on govt expenditure, subsidies (oil, fertilizer), fiscal deficit being at ~ - 4.5% of GDP (and that is without including the off balance sheet items), waning global risk appetite, declining forex reserves, tight domestic liquidity, current account deficit, scams, corruption, fiscal mismanagement.
Policy paralysis, interest rate cycle at its peak, a seven year-low on full year GDP, slowing growth impacting govt revenues, inflexible on govt expenditure, subsidies (oil, fertilizer), fiscal deficit being at ~ - 4.5% of GDP (and that is without including the off balance sheet items), waning global risk appetite, declining forex reserves, tight domestic liquidity, current account deficit, scams, corruption, fiscal mismanagement.
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