Friday, August 29, 2008

India's Growth dips


India’s economy decelerated to its slowest growth rate in three-and-a-half years in the first quarter of this fiscal year, as higher interest rates forced companies to begin easing back on investment.Economists expect India to continue to lose steam in the coming months as it struggles to contain inflation that has tripled this year to 13-year highs of 12.4 per cent in mid-August.The economic headwinds have come as the Congress party-led ruling coalition is preparing for an election before May next year

1 comment:

artofreed said...

the economics of a development country could be have decrease if the country prepare for the election.

Just my opinion.

Indonesia have a 34 party for next election, meanwhile all cost of living increasing.