The Indian Economy's GDP growth projection has been lowered to 5% in the recent forecast. 
1.	Is it really too low to consider that we are in deep economic crisis
2.	If yes what is the implications of the low economic growth on workers and peasants (different categories) and on the economic prospects for the coming year. 
3.	what do you think is the reason for the steady slowing down of Indian economy (are there any internal reasons beyond the obvious slowdown of world economy)
4.	There are also some news about Banks and IT companies posting profits and some even posting growth in profits, how do we understand that in the context of a general recession in economy


Athreya response to 1st question

The Government especially after the return of Chidambaram to the finance ministry has set out on rapid liberalization, that can been seen in the push for FDI in many sectors, deregulation of fuel prices and even a interest rate cut at a time when inflation is stubbornly above comfort levels
1.	How do you interpret these policy measures
2.	What benefit will it provide for a cooling economy
3.	what pitfalls or problems exist in such policy measures
4.	What could be an alternative policy prescription to revert to high growth rates


Venkata Naga Narasimham T