The message in high growth

Low inflation, tax cuts have boosted GDP numbers. Overall, the economy is ona high growth path, in the near term and medium term

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n 8.2% GDP growth in the quarter ending September and an 8% growth in the first half of the fiscal year are unambiguously good numbers as far as the economy is concerned.

This underlines the inherent robustness of the Indian economy at a time when the global economy is ina funk, and India has had to weather quite a few disruptions in its external economic engagements. The fact that this growth has come ata time when inflation is lower than normal —more on this later—also shows that the economy is anything but overheated at the moment. This is good news again.