India : ASIAN DEVELOPMENT OUTLOOK 2013.
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Growth further decelerated as a slump in industry and investment spread to consumption and exports.
Though inflation and the fiscal deficit were reined in, the current account deficit rose to a record...
high.
Delays in resolving structural impediments to growth were compounded by a global trade slowdown.
Boosting investment is critical for a return to high growth, but requires reforms to eliminate bottlenecks
that are stalling projects. Recent steps to address some of these challenges are expected to help growth
pick up modestly. -------------- Source / Asian Development Outlook Database - http://www.adb.org/sites/default/files/ado2013-india.pdf
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