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Asia Sentinel
Can Chidambaram Rescue India's Battered Economy?

Can Chidambaram Rescue India's Battered Economy?

Our Correspondent
Aug 21, 2012
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Asia Sentinel
Asia Sentinel
Can Chidambaram Rescue India's Battered Economy?
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Faltering growth, fleeing foreign investors and the specter of global credit ratings agencies downgrading the Indian economy to junk status from the current lowest investment grade, are finally forcing the ruling United Progressive Alliance (UPA) government to attempt to put its fiscal house in order.

Growth, which slumped to a nine-year low of 5.3 perce…

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