India's Economic Growth Are India's economic woes over, and could there be an economic turnaround? Experts believe that a turnaround could happen in the next six months. While many analysts, including those with the International Monetary Fund (IMF), trimmed India's GDP growth forecast to 4.9 percent for 2012 and 6.1 percent for 2013, Indian government officials are optimistic that the country can support 8.2 percent growth as long as its fiscal deficit can be trimmed to 3 percent of GDP or lower. There was a slight improvement in India's industrial output for August, and there was a small cut in interest rates. If liquidity is good, interest rates could be cut further. According to reports, India's fiscal deficit was $16.55 billion in t...

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