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ArtikelThe Half-finished Revolution  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8743 (Jul. 2011), page 51-53.
Topik: Economic Conditions; India
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  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.67
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Isi artikelIn a strange reversal of the norm elsewhere, in India the economic policymakers and economists have become the optimists while bosses do the worrying. In June a deputy governor of the central bank predicted that the country's economy would grow at a double-digit rate during the next 20-30 years. India has the potential for such a feat, with its vast and growing labour force and now famous entrepreneurial spirit. But in the past six months the private sector, which is supposed to do the heavy lifting that turns India from the world's tenth-largest economy into its third-largest by around 2030, has become fed up. Businesspeople have always loved to carp about India's problems even as they have rushed to take advantage of its terrific growth rates. But lately their irritation has had a nervous edge. In the first quarter of 2011 GDP grew at an annual rate of 7.8%; in 2005-07 it managed 9-10%. At the same time, the surge in inflation that began last year and was first caused by food prices has spread more widely, causing some to doubt whether in the medium term India can really grow at the 8-10% the optimists hope for without overheating.
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