Tracking India's economic slowdown: Path to revival will be slow, painful; govt must start work now

The most positive aspect of the economic slowdown in the country is that there is official acceptance that something is amiss Editor’s note: This is the fourth part of a series in which Firstpost’s columnists analyse the ongoing economic slowdown and offer solutions. The most positive aspect of the economic slowdown in the country is that there is official acceptance that something is amiss ranging from the financial to the real estate sector; and that something needs to be done. Also given the factors that have contributed to the slowdown over a period of time, it would be necessary to remember that the revival process would be gradual and probably take 2-3 years in the absence of any serious shock. Similarly bringing in sector specific laws like say targets for electric vehicles or the proposed CSR criminal penalty makes companies take fright and conveys a negative sentiment. Read other stories in series here: Part 1: Why Narendra Modi govt shouldn’t delay fiscal stimulus to revive struggling industries Part 2: Country needs meaningful transition policies; simple demand and supply games won’t do Part 3: Narendra Modi govt has a herculean task ahead to pep up growth with dying private investment