The Lost Decade

Before the global financial meltdown of 2008, India's economy was thriving and its
GDP growth was cruising at an impressive 8.8 per cent. The economic boom impacted
a large section of Indians, even if unequally. With sustained high growth over an extended
period, India could have achieved what economists call a 'take-off' (rapid and
self-sustained GDP growth). The global financial meltdown disrupted this
momentum in 2008.
In the decade that followed, each time the country's economy came clo...