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Growth could get stuck at 5-5.5% if policy logjam continues: Montek

India’s GDP growth has languished below 6% for three straight quarters
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First Published: Thu, Dec 27 2012. 10 37 AM IST
A file photo of Montek Singh Ahluwalia, deputy chairman of the planning commission. Photo: Pradeep Gaur/Mint
A file photo of Montek Singh Ahluwalia, deputy chairman of the planning commission. Photo: Pradeep Gaur/Mint
New Delhi: India’s economic growth could get stuck at 5-5.5% if a policy logjam continues, Montek Singh Ahluwalia, deputy chairman of the planning commission, said on Thursday.
India’s GDP growth has languished below 6% 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%, the country’s slowest since 2002-03.
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First Published: Thu, Dec 27 2012. 10 37 AM IST
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