For policy makers, the FAQ translates to three nuanced questions:  (i)  In the short term, how do we restore the economy to its trend rate of growth while maintaining price stability? (ii)  In the medium term, how do we raise the trend rate of growth itself without compromising financial stability? (iii)  How do we ensure that growth is inclusive? 3.
India is such an over analyzed country that it is difficult to be original. The answers to all the three questions above are all out there in the open, and they involve moving on with a host of structural and governance reforms.