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Sustaining India’s growth

Nirvikar Singh
Posted online: Thursday , December 20, 2007 at 00:00 hrs
Updated On: Wednesday, December 19, 2007 at 23:47 hrs

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there were signs of overheating—it should not repeat that tardiness in the opposite direction. An interest rate cut will not affect long-run growth, but it will help keep the economy humming for the short term, avoiding a severe slowdown.

The author is professor of economics at the University of California, Santa Cruz...

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