The chief economic adviser V. Anantha Nageswaran emphasised the need for several measures including deregulation and a focus on key structural reforms after the country's economic growth slowed for a second consecutive quarter.
Nageswaran attributed the slowdown in India's GDP growth during the second quarter to a combination of global factors, including excess manufacturing capacity in other regions and import dumping in India.
While the GDP growth figures may have been somewhat disappointing, the circumstances present a valuable opportunity to focus on key structural reforms, he said.
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