How is the Indian economy performing? Finance Minister Nirmala Sitharaman claims that the domestic economy remains resilient amid the ongoing crisis in West Asia. RBI Deputy Governor Poonam Gupta, at a recent event and even earlier, said that India has the potential to sustain over 7.5 per cent growth on underlying strength, even as she defended the 4 per cent targeting framework.

But Prime Minister Narendra Modi strikes a different note. In a speech in Secunderabad, he cautioned citizens that the country was going through a tough time and they needed to rein in spending. Meanwhile, Commerce and Industry Minister Piyush Goyal believes the widening current account deficit is quite manageable.

These are mixed........

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