Growth In India Slowing Down

The Economist provide a brief review of India's economy. India's economy looks a bit like China's. After growing several years above 10%, growth has declined by several points. Moreover, inflation has been above target and the RBI has raised interest rates. Many business leaders blame the higher interest rates for declining GDP but India's economy is linked in many ways to Western economies that are struggling. It appears that things go well in India with high growth rates but they deteriorate with slightly slower growth.