Policy logjam could slow India's growth
Indian Prime Minister Manmohan Singh has warned that a prolonged policy logjam could slow economic growth to 5%, a day after India unveiled long-delayed reforms aimed at reviving growth and preventing a credit rating downgrade.
ADB sees India growth picking up to 6 percent Domestic consumption could boost India's slowing economy to 6 percent growth this year, but the country may still fail to reach that level if it does not follow through on reforms to encourage investment, the Asian Development Bank said Tuesday.