DesiPundit

Nevertheless, any sober analysis will reveal that in the midst of unprecedented structural change, it will take a lot more to knock India off its long-term growth trajectory. Of course, we should expect to see fluctuations – sometimes big ones. However even the most pessimistic observer must see that the fluctuations are happening around a steadily increasing mean. Amidst this rapid transformation, India’s progress and prospects cannot be best judged month-to-month or quarter-to-quarter – but rather year-to-year, and in some instances, even decade-to-decade.

At the Indian Economy blog, Nanubhai, in a detailed post argues that while short term hiccups can be expected, the Indian economy will continue to grow in the medium to long term. The post is a bit technical but a very good read especially if you have followed the recent discussions on whether the economy is over heated.