Measures to arrest economic slowdown are a good first move

Most of the announcements will take a few weeks to implement. But if the action starts now, the last quarter of the year should see the economy clocking a 6 plus per cent growth rate.

The removal of criminal prosecution for defaulting on CSR obligations shows maturity.

In an article on the Union Budget, I had predicted that a stimulus would come before November. It was announced in all its glory on August 25. The finance minister the training as an economist she received at JNU. She was possibly taught by Ashok Guha, who in my mind is one of the top experts in the profession. Unlike the budget, which made many promises but allocated money only for a fund for self help groups, the stimulus plan announced was action packed. Most of the announcements will take a few weeks to implement. But if the action starts now, the last quarter of the year should see the economy clocking a 6 plus per cent growth rate.