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HARD FOR INDIA TO ACHIEVE 7.1% GROWTH.
NEW DELHI, March 2 Asia Pulse - With India's economic growth rate slipping to 5.3 per cent for the third quarter, global financial institutions believe that it will be difficult to achieve 7.1 per cent growth in 2008-09, as projected by the government.
"India's December quarter GDP result was disappointing. The government's advance estimate of 7 per cent for the current fiscal year will certainly be missed," Moody's economy.com said in a research report.
It further said that with the recent deterioration in global economic conditions, it is almost certain that India's growth will slow to under 5 per cent in the first half of 2009.
The Indian ...
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