This ad will auto close in 10 seconds

Gone are the days of 8% growth: Moody's on India

The Indian economy has bottomed out and the recovery is on the anvil although the days of 8 percent growth are "gone", Moody's Analytics said on Thursday.

India can revert to 8-9% growth in 2-3 years, says Bhagwati

India had been growing around 8-9 percent before the global financial meltdown of 2008. The growth rate in 2011-12 slipped to nine-year low of 6.5 percent.