A vendor fills in paperwork as samples of his goods are on display at a store in the Vashi Agricultural Produce Market Committee (APMC) wholesale market in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

The GDP Fine Print And What It Says About India’s Policy Options

India’s 5.8 percent GDP growth in the fourth quarter—a twenty-quarter low—seemed to shock many and prompted calls for steep rates cuts and easier liquidity conditions. In reality, the number was no...