India must face up to some harsh economic realities
(WorldNews Business)

India is battling to boost a stagnating economy in the wake of the shocks of demonetisation and the introduction of a new sales tax. `There are concerns,` says VK Vijaykumar, the chief investment strategist at Geojit Financial Services, headquartered in Kochi in Kerala. "Action is needed if India is to try to get near its growth targets." India`s GDP slowed to a three-year low of 5.7 per cent in the April to June quarter, a sharp decline from the 7.9 per cent recorded in the same period a year earlier, according to the government. India`s economic survey report released in January had forecast growth of 6.5 per cent to 7.5 per cent for the current financial year. ...