India's Reddy on factors set to hamper growth

Y.V. Reddy, the governor of the Reserve Bank of India, said on Thursday that a skills shortage and inadequate infrastructure will curb India's impressive growth record.

Reddy said the absence of modern infrastructure and a shortage of skilled manpower as "the most critical barriers to growth".

"It is imperative to augment the existing infrastructure facilities, particularly roads, ports and power to provide an enabling environment for industry to prosper," he said at a conference in Washington.

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