Points to power, infra issues, graft scams, higher investor uncertainty

The World Bank on Wednesday cut India's economic growth projection to six per cent for the current financial year from the earlier 6.9 per cent estimate, blaming the slowdown on corruption scandals and a host of policy issues, including uncertainty in tax policies. However, the Bank expects that the reform measures announced by India recently will push growth in the second half of the current financial year, albeit slowly.