Tue, 29 Nov 2011 08:39:15 GMT
India's growth rate is likely to drop
India's growth rate is expected to have declined in the
period between July and September; the rate is projected to fall below 7%,
being two-years low. The decrease indicates the necessity to cease the central
bank's policy aimed at lowering inflation rate. However, despite changing
interest rates for 13 times since March last year, the inflation rate is still
above 9%.