‘Growth may be slowest in 4 yrs’
India’s economy may grow at the slowest pace in four years 08-09 as a global slowdown reduces foreign investment and exports, finance minister Palaniappan Chidambaram said. ‘‘We think there will be some second-order effects from the US slowdown,’’ Chidambaram said. ‘‘We’re quantifying it between 50 and 75 basis points. We should still expect to grow in 2008-09 at 8% or a little bit more than 8%.’’ BLOOMBERG