India and China voice growth fears

India has warned that emerging market economies are beginning to “falter”, as China’s top economic policymakers described the global outlook as “extremely grim and complicated”, the FT reports. Pranab Mukherjee, India’s finance minister, said that India had to turn its attention urgently to “reviving growth as quickly as possible” after alarming signs that financial markets were under renewed stresses. Similarly, China’s Communist party wrapped up its most important economic meeting of the year with an agreement to focus on maintaining fast economic growth amid the worsening outlook.