New Delhi, April 14 -- The latest cuts in India's growth forecast by international agencies should remind policymakers that headwinds against the economy are on the rise. The World Bank and Asian Development Bank have slashed their forecasts of the country's growth in gross domestic product (GDP) this year to 7.2%, while the International Monetary Fund (IMF) has made a prediction of 7.3%. This pace is higher than projections for all other major economies, so one may wonder why anyone should worry at all. However, a look at the growth trend in 2018 shows that the picture is far from rosy. Official Indian GDP growth dropped from 8.2% in the three months through June to 6.6% in the quarter ending 31 December and is expected to slide further to about 6% in the first quarter of 2019. Other economies are also slowing as the world heads for a slump. As IMF chief economist Gita Gopinath noted: "This is a delicate moment." In all this, the message for India is clear: we must get our act together before the economy takes a turn from bad to worse....