India's economic growth is now slowing sharply
India may become the first of the so-called BRIC economies to lose its investment grade status.
That's according to a report by ratings agency Standard & Poor's, which cut its outlook on India in April.
Growth has slowed to its slowest pace in almost a decade and its industrial production in April rose by a less-than-expected 0.1% from a year earlier.
The BBC's Rajini Vaidyanathan has more on the challenges facing India.