Is India a miracle economy? Or is it just smoke and mirrors
“Curiouser and curiouser” sums up India’s economy. There is little or no credit, tepid business and consumer confidence, exports are struggling, and yet gross domestic product (GDP) grew by a healthy 7.7 percent in the January-March quarter, and is seen rising by 7.4 percent in fiscal 2018-19. If you read the Reserve Bank of India’s…