tag:blogger.com,1999:blog-19649274.post1335424773010477461..comments2024-03-29T12:03:50.891+05:30Comments on The Leap Blog: A better output proxy for the Indian economyAjay Shahhttp://www.blogger.com/profile/03835842741008200034noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19649274.post-9339145619424787012013-07-22T11:22:09.679+05:302013-07-22T11:22:09.679+05:30Interesting analysis. Am not too sure that if all ...Interesting analysis. Am not too sure that if all Government expenditure can be excluded. <br /><br />But more crucial for me is the sustained downtrend that we have seen since 2011. While it may not be called a "recession", this seems worse than a recession since the pain has been drawn out whereas earlier recessions were a sharp downturn followed by an equally sharp upturn. Would appreciate your commentary on this and what it could mean?<br /><br />Best regards<br /><br />MukundMukundnoreply@blogger.com