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High rates of growth are times when people are inclined to lose sight of the weaknesses in the economy. While the rebound of the Indian economy is impressive, the fact remains that the current government has been slow in launching new reform programs despite a clear majority in the Parliament. On the contrary, fiscal policy is biased in favor of more spending. In a booming economy, the focus ought to be on encouraging people to earn from employment. The more serious danger lurking is the neglect of agriculture. Archaic systems still exist in rural areas. Agriculture will be a bigger impediment as growth accelerates and commodity prices rise rapidly. Next year there is also a high risk of a double dip recession in the USA and Europe. India should be getting ready to expand the domestic market to sustain growth.