Watch 'The Big Bull' Rakesh Jhunjhunwala applaud Modi's vision of a $ 5 trillion economy
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Two very important numbers today have dominated headlines all day that give us a picture of the economy; One is 5 and the other is 12. At 5% GDP clocked for the first quarter of this financial year, India has seen the lowest growth figure in six years. But on the same day, the government has made a major effort to restructure the public sector banking system, which brings it to a total of 12. What do the GDP numbers and the big bank merger indicate about the future of India’s economy?
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