<<India lost its "fastest-growing major economy" tag as growth slipped below 6 percent in the latest quarter. The moderation was partly the result of Modi’s boldest moves -- demonetization, as well as the chaotic introduction of the goods and services tax that continues to disrupt supply chains. As talk of a stimulus to boost growth sparked concerns of fiscal slippage, foreign investors went on selling spree and rupee started falling. "The act of dissenters has the potential of snowballing out of control," said Sandeep Shastri, a political analyst and pro-vice chancellor at Jain University in Bengaluru. The response of the prime minister and party president Amit Shah "is indicative of the serious attempt at damage control.">>
(Excerpted from: 'PM Narendra Modi facing backlash as discontent over India's slowdown deepens' at < http://economictimes.indiatimes.com/news/economy/policy/pm-narendra-modi-facing-backlash-as-discontent-over-indias-slowdown-deepens/articleshow/61045652.cms?utm_source=AMPusers&utm_medium=fbshare&utm_campaign=socialsharebutton&from=mdr >.) -- Peace Is Doable -- You received this message because you are subscribed to the Google Groups "Green Youth Movement" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send an email to [email protected]. Visit this group at https://groups.google.com/group/greenyouth. For more options, visit https://groups.google.com/d/optout.
