NEW DELHI 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)
Trending On Reuters
India has signed a pact with Boeing Co for purchasing four maritime spy planes at an estimated $1 billion, defence and industry sources said, aiming to bolster the navy as it tries to check China's presence in the Indian Ocean. Full Article