Experts warn growth may be below 6% in 2012 - 2013, page 19 The Times of India Aug 8th.
Experts forecast is similar to our Weather forecasts. They express views on a subject which is beyond their understanding it seems. What is more important is not whether growth is 6% or 9%, but how to get the economy moving. For this Government needs to create positive work, which results in creation of Real Assets to mitigate future vagaries of weather, and this includes FII. A simple enactment into Law that all Housing complexes must be painted once every 10 years, will create a huge demand in all Building Materials.
New Factories will have to be created to contain the surge in demand. The unemployable will also find employment and the country will gain.
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