India 2012-13 economy grew at slowest pace in a decade in part due to drop in foreign investment

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5/31/13, "India's economic growth at slowest rate in a decade," BBC

"India's economy grew at its slowest pace in a decade during the 2012-13 financial year, figures show. The economy grew by 5% over the year, after having grown at an annual pace of 4.8% in the January-to-March quarter.

India was recording annual growth of 9% until two years ago, but in recent months it has seen a sharp decline blamed on a slowdown in its manufacturing and services sectors.

Foreign investors have also kept away due to delays in key reforms...

Foreign direct investment into India has fallen, while the amount of corporate money leaving the country is on the rise."...photo above, 11/6/10, afp/getty

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"Probably not since the days of the Pharaohs...."

11/6/10, "Obama's India visit security erect a bomb proof tunnel at the Ghandi Museum," Daily Mail UK

"Probably not since the days of the Pharaohs or the more ludicrous Roman Emperors has a head of state travelled in such

• pomp and expensive grandeur as the President of the United States of America.

While lesser mortals – the Pope, Queen Elizabeth and so on – are usually happy to let their hosts handle most of the security and transport arrangements when they venture beyond their home shores, the United States creates a mini-America on the move to ensure that nothing is left to chance."...

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India is among the world's most corrupt countries.

12/9/10, "World is getting more corrupt says transparency poll," BBC

"The organisation put Afghanistan, Nigeria, Iraq and India in the most corrupt category, followed by China, Russia and much of the Middle East....

In the Transparency International survey, political parties were regarded as the most corrupt institutions,

• and 50% of people believed their government was ineffective at tackling the problem.

One in four of those polled said they had paid a bribe in the past year -

• the police being the most common recipient.

Some 29% of bribes went to the police, 20% to registry and permit officials, and

• 14% to members of the judiciary."...

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