Could India Be Headed for Its Own Lost Decade?
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June 5 (Bloomberg) -- The search for lost economic decadeshas brought us from Japan to the U.S. and Europe in recentyears. It’s time to take it to India.
With its 5.3 percent economic growth, young population andvast potential, the world’s biggest democracy may not seem to beon the verge of a crisis. Look closer, though, at the politicalchaos in India and things come into focus: the odds of a lostdecade are growing, with implications that would be ruinous.