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EXPECTATIONS for India's economic growth rate have been sliding inexorably.
The nation's lagging economic growth and rising unemployment rate have eroded sympathy for public sector workers.
A sign that his commitments, multiplying at a farcical rate, have depleted his creativity?
"But most of the companies that we rate have three-digit-billion balance sheets.
And what should the effective rate have been, based on the economy's condition?
Until now, those states with the lowest inflation rate have been considered the best performers.
Cuts in the official rate have proved a blunt instrument in solving the money-market crisis.
Photoelectric means of influencing the delivery rate have also been devised.
Foreign exchange reserves and the exchange rate have stabilized, and foreign remittances and direct investment are up slightly.
The reason, political analysts said, is that the expanding economy and low jobless rate have reduced economic insecurity.
In Turkey over the past year, both the growth rate and the unemployment rate have exceeded ten per cent.
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