Why in India, 6% Economic Growth Is Cause for Alarm

For almost half a decade Indian Prime Minister Narendra Modi headed the fastest-growing major economy in the world. Now, what looks set to be the slowest expansion in over a decade is putting India behind China, Indonesia and a few others in the region. Waning consumption at home, troubled banks and a gloomy global outlook are being blamed, prompting a flurry of government measures. At risk are efforts to reduce poverty in Asia’s third-largest economy and the ability to generate jobs for the mor