India projects lowest-growth year in a decade

India is now predicting the country's slowest growth in a decade for the fiscal year ending next month. The 5% growth forecast dims hopes for India as a source of strength in a global economic turnaround and was termed disappointing by the government's chief economic adviser, C. Rangarajan, who held out hope the final figure might be revised upward. At India's central bank, Governor D. Subbarao said the lower projection would be taken into account as the bank sets policy in March.

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Wall Street Journal, The · LiveMint.com/The Wall Street Journal (India) · LiveMint.com/The Wall Street Journal (India)

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