The first question comes to our mind is about the timing of the reforms i.e. why the reforms were started only in 1991 and why not earlier? How the process of reforms continued despite changes in ruling party at the centre? How the direction of reforms sustained and remained irreversible despite various hurdles and hiccups?
And they are anticipating growth rates of around 2% for the next two years as well. An updated forecast will be released in two weeks’ time, as is customary in December, and that will be based on detailed country projections. At the moment, there is good reason to believe that the economic outlook will be just as upbeat then, if not even better.