Growth could get stuck at 5-5.5 percent if logjam continues: Montek

NEW DELHI Thu Dec 27, 2012 10:18am IST

A vehicle drives past residential buildings in India's financial capital Mumbai January 27, 2010. REUTERS/Punit Paranjpe/Files

A vehicle drives past residential buildings in India's financial capital Mumbai January 27, 2010.

Credit: Reuters/Punit Paranjpe/Files

NEW DELHI (Reuters) - India's economic growth could get stuck at 5-5.5 percent if a policy logjam continues, Montek Singh Ahluwalia, deputy chairman of the planning commission, said on Thursday.

India's GDP growth has languished below 6 percent for three straight quarters, a far cry from the near-double-digit pace of expansion before the 2008 global financial downturn.

Economic growth for financial year 2012/13 ending in March is expected to be 5.7-5.9 percent, the country's slowest since 2002/03.

(Reporting by Rajesh Kumar Singh; Editing by John Chalmers)

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