I commend the IDR 2008 to scholars and lay persons alike. On this occasion, I will respond briefly to a very significant remark in the IDR 2008 in its section titled “Overview” since it relates to performance and prospects for the Indian economy. The remark reads as follows: “The improvement in macroeconomic stability could be due to macroeconomic policies.
While the prospects of achieving high growth are good, the prospect of maintaining macroeconomic stability must be rated low.