Tag Archives: economic reforms

If India only reforms when under pressure, then now should be a time for big changes: gross domestic product contracted nearly 24% in the second quarter, more than any other major economy; tens of millions have lost jobs in the formal and informal sectors; and the country adds more than …

[ad_1] Several brokerage houses and forecasters have narrowed their outlook on India’s growth for the current fiscal year. Among world organizations, the International Monetary Fund (IMF) has the most optimistic projection. He sees India’s GDP for fiscal year 2011 growing at 1.9%, below the 5.8% projected in January. Barclays and …