GDP shock: India Inc calls for package to revive growth

The modest 5.3 per cent GDP growth in the fourth quarter of 2011-12 is well below the market consensus of 6.1 per cent and softer than anything seen during the global financial crisis in 2008 — when GDP growth bottomed at 5.8 per cent — and is bound to put severe pressure on the Reserve Bank of India and the government to act aggressively.

Read Full Story>>