Should India be able to decouple itself from US Subprime Impact?

Thursday, August 30, 2007

India's blistering growth likely to slowdown

NEW DELHI: India's scorching economic growth will likely show a slight slowdown in first quarter data due on Friday and risk of a sharper deceleration looms if the US subprime crisis persists, economists said.
Gross domestic product growth for the three months ended June 30 was seen at around 8.9 per cent with a range of 8.5 to 9.2 per cent, according to eight economists surveyed by a news agency.

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