India's GDP climbed 4.8% year-over-year in the January-March quarter. This was the slowest pace of growth in a decade. For the fiscal year ending March 31, growth was 5%, down from 6.2% the previous year. Economic growth has been slowing for nearly three years. India has massive potential, and in the early part of the century was identified by Goldman's Jim O'Neil as one of the BRICs. So what explains the persistently mediocre performance? At the moment there are certain cyclical issues, but big...
India's GDP climbed 4.8% year-over-year in the January-March quarter. This was the slowest pace of growth in a decade. For the fiscal year ending March 31, growth was 5%, down from 6.2% the previous year. Economic growth has been slowing for nearly three years. India has massive potential, and in the early part of the century was identified by Goldman's Jim O'Neil as one of the BRICs. So what explains the persistently mediocre performance? At the moment there are certain cyclical issues, but big...
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