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‘India’s growth hit by tight monetary policy’

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SummaryAggressive monetary tightening and subdued demand pulled down the India’s economic growth, which slid to a nine-year low of 6.5% in 2011-12, a UN report said on Wednesday.

Aggressive monetary tightening and subdued demand pulled down the India’s economic growth, which slid to a nine-year low of 6.5% in 2011-12, a UN report said on Wednesday.

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

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