New Delhi, April 9 -- With less than a week left for the Lok Sabha elections, our political parties are gearing up for an intense electoral battle. The ruling party has, in its manifesto, promised, among others, a major infrastructure push that would not only ensure efficiency in the economy, but would also lead to creation of a large number of jobs. The largest opposition party, on the other hand, has promised to restart the economy, by removing unemployment and farmer distress. All these sound good.
But the road ahead looks a bit rocky, according to some experts. They point to some recent macroeconomic indicators, which signal that the Indian economy may in fact be moving towards a slowdown. According to a former Chief Statistician, demo...