India, Nov. 29 -- If you are interested in economics, and your economics leans more towards the half-full-glass kind of analysis, one of the most exasperating feelings in recent times is likely to be a seemingly-elusive question. Why is the Indian economy not growing at eight per cent more often, although it is crossing the seven per cent mark in many quarters? Economists will tell you that the necessary conditions and, as jargon puts it, the sufficient conditions are in place. Yet, for some reason, India has failed to breach the eight per cent mark on a sustained basis, either quarterly or annually.

This is indeed quite frustrating, more so after the country released the GDP figures for the second quarter of this fiscal year, which cros...