<h1>Indian economy faces slowing growth, sticky food inflation, twin deficits; Committee urges coordinated fiscal, monetary and structural reforms.</h1> The Committee attributes the 2011-12 slowdown to weak industrial investment, persistent food-driven inflation, a widening current account deficit financed by volatile short-term flows, declining domestic savings and fiscal slippage. It recommends coordinated fiscal monetary action: credible fiscal consolidation with better subsidy targeting; measures to revive investment and savings; agricultural and infrastructure investment to ease supply constraints; policies to reduce CAD and to restore investor confidence through regulatory clarity and timely reforms.