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The WPI had been in the negative zone from November 2014 to March 2016.
In simple English, lower oil prices, lower interest rates, lower inflation and a normal monsoon will lead to higher growth. If only things were as simple as that. A lot of other data highlighted in the Economic Survey shows that all is not well with the Indian economy and a growth of greater than 8% will be very difficult to achieve.
Reserve Bank of India governor Raghuram Rajan has steadfastly refused to cut rates, despite statements by politicians demanding it. Today the call got shriller. The reason is a sharper-than-expected...