India: Economic slowdown
FOCUS INDIA - FALL 2012
Economic slowdown: Companies hampered by slow pace of reform
The Indian economic engine is sputtering but continues to run: it suffers from persistent bottlenecks that the country and its companies have to contend in order to grow.
Growth was only 5.3% in Q2 2012, its lowest level in nine years.
Nonetheless, the effective implementation of reforms, which could open the country to a new cycle of vigorous growth, remains uncertain in view of political paralysis, making companies the potential collateral victims of these gridlocks.