Is the Indian economy heading for a doom?

A free-falling rupee, a dismal industrial growth, ArcelorMittal, Posco pulling out of India, FDI in retail a non-starter and an ever increasing Current Account Deficit (CAD) compounded with high food inflation - where is the Indian economy headed to? How did it go all wrong when inspite of the global financial crisis of 2008 India trudged along oozing confidence. Is policy paralysis, bad governance and lack of clear cut policy from the government to be blamed or as the Prime Minister said it is just one year of bad growth? Can the Indian economy bounce back or is it heading for a free fall? Watch the Big Fight with Dr Arvind Virmani, former Chief Economic Advisor to the Indian government; Adi Godrej, President, CII and Chairman Godrej Group, Investment Banker P N Vijay, Leftist Economist Prasenjit Bose, BJP Spokesperson Prakash Javadekar, Congress Spokesperson Sanjay Nirupam and Chiefr Economist of the credit rating agency, CRISIL.