| Growth may slow down, says Moody's |
| BS Reporter / Mumbai September 19, 2007 |
| Economic growth is likely to fall below the over 9% rate witnessed in recent years, Moody's Investors Service said in its latest India outlook. Real GDP is expected to moderate in the second half of 2007 as tighter monetary conditions dampen the demand for credit and take some steam out of consumer spending. Nevertheless, strong construction and infrastructure spending will partially offset the expected slowdown in consumer demand, the report, authored by Ruth Stroppiana, director of Asia Pacific Economics at Moody |
