India's Economy Hits the Wall - Business WeekFirst Faved : Jul 08 2008 by shiwaniFaved : 1 time with noteViewed : 2 timesFave It!
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I'm not sure that it's entirely about reforms. I don't think India's economy is diversified enough that it wouldn't be feeling the effects of a U.S./global slump... Plus, its previous rapid rate of growth was unsustainable. Seems like a combination of factors.
Quoted: Growth is slipping, stocks are down 40%, and foreign stock market investors are fleeing. Business blames the ruling coalition for failing to make reforms.
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