Sir,
The Modi Government looks set to improve upon its mixed record in growth and reform thus far, as the economy enters the crucial second half of fiscal 2017, gaining from a good monsoon and outcomes awaited from a set of effective policy actions taken.
Additional comfort for the Government must come from the recent “surgical strikes” across LOC, however nebulous the dimensions thereof are, which have helped to create greater confidence, in the aftermath of Uri incidents of September 18, in our ability to safeguard effectively our borders against incursions by Pakistan-based militants.
For its part, IMF has marginally revised up its July GDP projection of 7.4 per cent to 7.6 per cent for both 2016 and 2017 (at market prices) and has noted India’s “robust growth” and status as the fastest-growing economy which, along with rebalancing China, sustain global growth in a world of subdued demand. But it has a large agenda for deliverables by India.
Yours etc…
S. Sethuraman
New Delhi
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