Dec 27, 2012, 05.25 PM | Source: 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.
Montek Singh Ahluwalia (more)
Deputy Chairman, Planning Commission |
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.