SlashIndia

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India hits a roadblock.

 
By Anonymous at Wed, 2006-02-08 17:30 | General

IndianExpress is running a report suggesting that the India growth story seems to have reached a bump.

Corporate revenues are looking less rosy, some key imports are slackening and companies are holding off on expansion plans. This all follows a four-year stretch of blistering activity, during which India notched up growth rates of more than 7 per cent.

Also, there is a growing suspicion that the infrastructure problems that plague India -- from electricity outages to port problems to a clogged transport system -- are creating a ceiling for economic growth, which India has now bumped up against.

  
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