A silver lining in India's slowdown?

The extent of India’s recent growth slowdown has surprised most India-watchers, even in the face of ongoing international financial market volatility, high and volatile oil prices, and the uneven global recovery. Growth in gross domestic product fell throughout 2012, from a high of 7.8 per cent at the beginning of the year to 6.1 per cent in the quarter that ended in December.

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