Eminent economist Surjit Bhalla in conversation with BTVI said the reality is that the Indian economy has slowed down. He said the economy is currently growing at 5.5 per cent and needs more fiscal expansion. He said the inflation is down, and the RBI and government should use this opportunity. He also highlighted the cumulative need for 200 basis points cut for 6.5-7 per cent GDP growth. Here's more.