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HindustanTimes Fri,29 Aug 2014

Economy

Growth could get stuck at 5-5.5% if logjam continues: Montek
Reuters
New Delhi, December 27, 2012
First Published: 10:39 IST(27/12/2012)
Last Updated: 10:46 IST(27/12/2012)

India's economic growth could get stuck at 5-5.5% 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% 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%, the country's slowest since 2002/03.

 


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