Thursday, December 11, 2008

India's 2008/09 growth to slow to 6-year lows - Reuters poll

India's economy is expected to grow at its slowest pace in six years in the fiscal year to March 2009 after three years of growth at or above 9 per cent as the global financial crisis hits hard, a quarterly Reuters poll shows.

Growth is forecast to slow to 6.8 per cent in 2008/09 and 6.2 per cent in 2009/10, the poll showed, highlighting the deterioration over recent months in an economy that is largely driven by domestic activity.

In September, a similar poll had forecast growth of 7.5 per cent in 2008/09 and 7.4 per cent in 2009/10. The last time the economy grew less than 7.5 per cent was in 2002/03, when it expanded just 3.8 per cent. To read more, please, visit - -The Economic Times

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