What is the reason for India’s declining growth rate?
It is the ripple effect of the global financial crises and the follow-on global economic downturn.
(Read: We are not responsible).
What is the reason for the healthy growth in the first few years of this government?
Here is what finance minister Pranab Mukherjee said in his budget speech last month: “For the first four years of the UPA government, our policies ensured a dream run for the economy with GDP recording increase of 7.5 per cent, 9.5 per cent, 9.7 per cent and 9 per cent from fiscal year 2004-05 to 2007-08.
(Read: We are responsible).

What if we were just enjoying the fruits of the global economic boom in the first four years of this government and are now suffering the impact of the global economic slowdown!
(Read: Perhaps the impact of policy has been limited in either direction - upward or downward)