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

Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

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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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