India and China voice fears over growth outlook

Chinese and Indian policymakers have promised to take action to boost economic growth on deepening fears emerging economies will suffer a hard landing.

India's finance minister, Pranab Mukherjee, said the government must urgently address "reviving growth as quickly as possible" while China's Communist party said it is focusing on fast economic growth amid the worsening global outlook at an economic conference, according to an FT report. In the past, fears of a hard landing have been dismissed due to high inflation, the increasing consumption trends and the governments' ability to loosen monetary policy in both nations. Mukherjee said the eurozone debt crisis was at the heart of the slowing in emerging market growth and joined other A...