Major cause of slowdown was drop in investment, which slumped to (-)1.9%, y-o-y during latest 3 quarters from 2010 double-digit levels
India's economic troubles are mostly self-inflicted, resulting from policy paralysis and opposition to reforms - a situation that is unlikely to change before the general elections in 2014, says a report. "That (situation) is unlikely to change until the 2014 general elections at the earliest," said the report - Emerging Asia Economics Update - What's Gone Wrong in India? - by Capital Economics, a global macro-economic research consultancy.