Economic Growth and the Policy Imperatives--by Dr. K.C. Chakrabarty

A Very Good Article by Dr. K.C. Chakrabarty on Prospects for Economic Growth and the Policy Imperatives for India. Here he talks about the past,present and future growth of Indian economy.

• The transformation to the high growth phase
• The impact of the crisis & the V-shaped recovery
• The near term growth prospects and the challenges 
• The long-term growth prospects
• Making growth process more inclusive.

I had a question for him..from 1991 BOP to 2007-08 Recession..by seeing at the instances of Rise and Fall of economy is it possible  for the Central Bank to Foresee the Problems in economy. If yes when are they likely to turn up...if not then when is that you people are going to create :)

The Last statement in reference to my conclusion of recession.. "Root cause of  Crisis in west is by investing money into Real Estate as if real estate prices never come down,,,,and now see what happened over there....And i believe the same thing is happening over here now.. people speculating that real estate value will always go up...and investing as if there is no tomorrow...and RBI is not interfering to arrest the up move" ..Will see how it turns up in coming years :)