It is unfortunate (not the stupid, economies) that the Indian economy begun to decline in its widely measured Gross Domestic Product (GDP) growth to 9% in 2007-08 (and projected to 7.7% for 2008-09) after reaching a peak of 9.6% in 2006-07 in recent years and the average growth during the last five years was 8.8% which is historically high compared to any other five year period in the history of Indian economy.
The below are the list of article which gives answers to the above questions. These are in some way best article to understand the issue. I have also posted these article time to time.
Vernon Smith’s in WSJ on There's No Easy Way Out of the Bubble
Donald J. Boudreaux in Forbes on Free Market To The Rescue
Russell Roberts in Forbes on Organic Market
T T Ram Mohan in ET article on Crisis: Don't blame it on subprime loans
No comments:
Post a Comment