India

I don't see growth picking up in the next one year
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Economist Haseeb Drabu feels that the Indian economy is moving from an investment led downturn to consumption led downturn.The service sector, which once drove the economy with 9 percent plus growth, has not seen any pick up at all. "This is a statistical number. It can be seen as a cyclical upturn, but structurally nothing has changed and we are getting into a phase of slow growth," Drabu said

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