Thanks for this article. I agree the facts are very clearly presented in case of India and mostly agreeable facts. However it is not clear to be how there was a clear stabilization judgement from China in the similar comparative lines as suggested to make the recovery. There are not conclusive facts which refer to an domestic consumption stagnation in India. But the facts suggested in terms of improvement are brilliant and very much agreeable.
Indian dynamics are not really comparable with the falling dynamics of global economy. Indian government and the central bank is doing the balancing act very well and maintaining a steady growth as well. Reforms are not stalled - I am not sure what is the reason on this comment. Reforms being executed is always slow in a massive democracy and there are several non economic but constructive reforms rolling out in parallel too. estimated from IMF etc are for world to be pacified and manipulated rather .These rating agencies are to pacify and hold wealth in some nations. India follows its dynamic balancing and growth irrespective of the IMF estimates.