Services set to hit India's growth story

A sharp deceleration in the services sector, the engine of India’s growth story for a considerable part of the last decade, could well be the primary factor behind the current slide, with the economy set to grow at 4.9% in 2013-14, the second successive year of sub-5% growth. The services sector (including construction) is forecast to grow at 5.9%, only slightly higher than last year’s 4.9%, but sharply lower than the 10-year average of 9% growth.

Read Full Story>>