India Not Ready for 7% Growth, Oxford Economics Says

The video discusses the economic situation in India, highlighting the disparity between consumer and manufacturing sectors. It notes the impact of financial issues, such as a credit squeeze, on growth. Despite a 5% growth rate, which is high globally, India aims for 7-8% growth. Structural reforms are needed to achieve this. The government has announced measures to boost the economy, but the lack of significant fiscal actions has disappointed markets.

What measures has the Indian government announced to boost the economy?

Why did the markets not respond positively to the government's economic measures?