Indias growth hit by tight monetary policy

Written by Press Trust of India | New Delhi | Updated: Sep 13 2012, 07:41am hrs
Aggressive monetary tightening and subdued demand pulled down the Indias economic growth, which slid to a nine-year low of 6.5% in 2011-12, a UN report said on Wednesday.

In South Asia, Indias recent slowdown also reflects decelerating private domestic demand, particularly investment, as a result of aggressive monetary tightening, the UNCTADs report, Trade and Development 2012, said.