December 27, 2012 / 4:52 AM / 5 years ago

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

1 Min Read

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below