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>> RESERVE BANK OF INDIA Latest News

FEB 07, 2013 - Business Insider

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India Unexpectedly Slashed Its GDP Growth Forecast To A 10-Year Low

India's government said the economy will likely register its slowest annual growth in a decade and expand just 5.0 percent in the fiscal year ending in March, citing official estimates released Thursday. This is lower than an earlier forecast of 6.2 percent for the year, as the economy continues to be hit by weaknesses in the manufacturing, farming and services sectors, data from the Central Statistical Organisation (CSO) showed. The projection comes a day after a report by the International Monetary Fund forecast India's annual growth declining from 6.5 percent in 2011/12 to 5.4 percent in ... Read More

Tags: India Unexpectedly Slashed Its GDP Growth Forecast To A 10-Year Low,  Reserve Bank Of India Latest News