India Growth Rebound Faces Inflation Crimping Rate Cuts

India Growth Rebound Faces Inflation Crimping Rate Cuts

Sanjit Das/Bloomberg

A goat herder walks with goats in front of apartment blocks under construction in Noida, Uttar Pradesh, India. India’s potential growth rate may have fallen to about 7 percent, the Reserve Bank said last month, compared with 8.5 percent before the onset of the global financial crisis.