India 's economic growth will slow in 2009 , most economists project . Nation 's young population has shown willingness to go into accrue debt to spend . This is a major factor behind the current situation of high inflation and low interest rates. Goldman Sachs had earlier cut its growth outlook for the 2009-10FY to 7 percent and has warned the figure could go lower if the international financial turmoil continues over the next few months . India faces political , social risk in 2009 , according to Hong Kong-based group .
India 's economic growth will slow in 2009 , most economists project . Nation 's young population has shown willingness to go into accrue debt to spend . This is a major factor behind the current situation of high inflation and low interest rates. India faces political , social risk in 2009 , according to Hong Kong-based group .