http://timesofindia.indiatimes.com/busi ... 614222.cms
The Indian economy is in a crisis with growth slowing down, fiscal and current account deficits running high amid persistent inflation, says a study by an economic think tank.
"The Indian economy is in a crisis. While the growth rate has been declining...the issue (of high CAD) gets amplified against the backdrop of slowing economy, high fiscal deficit and persistent inflation," National Council of Applied Economic Research said.
India's current account deficit (CAD) rose to a record 6.7 per cent in the quarter ended December of 2012-13.