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Don't look back in anger!

By Niranjan Mudholkar,

Added 15 January 2020

What we need to remember is that the India growth story that still holds its charm. (And it is far from finished.)

True, some things have changed, but they haven’t dented India’s inherent potential as an economic super power.

If you ask me, the year 2019 doesn't (even) deserve your anger! Yes, it's been a tough one - maybe the toughest for many - but there's no point in staying stuck with it. Don't let it have any of your energy, or any of your time, or any of your space. Shut the door on this past - for good! What we need to remember is that the India growth story that still holds its charm. (And it is far from finished.)
The industry and the economy enjoyed a good spell right before this bad year, and for a fairly long time. In fact, IMF had recently noted that India's rapid economic expansion in recent years has lifted millions of people out of poverty! But ‘a combination of factors led to subdued economic growth in India', IMF had added.
What we need to take into account is that the reasons that contributed for the successful period still hold good. We all know that the slowdown hasn't been a domestic matter; it has been a global wave. And while most of the remaining world still struggles (due to lack of the intrinsic economic stimulus that India has), India continues to enjoy the demographic, democratic and domestic dividends that we have been talking about. True, some things have changed, but they haven't dented India's inherent potential as an economic super power. For me, that holds absolutely true. That's why I refuse to look back in anger. Rather, I am looking ahead with a smile!