The road to growth

摘要

While the outlook is still positive, India's most recent data indicates a loss of momentum, with a sharp slowdown in fixed investment activity dragging on growth. A difficult external environment - reflected in weakening demand and falling prices of commodities and many manufactured goods, as well as heightened financial volatility and large capital outflows from emerging markets - has disrupted corporate investment plans, putting the burden of reviving the investment cycle on the government.