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This is an archive article published on April 27, 2009

India likely to grow at 6%,says Montek

India is expected to record a GDP growth rate of 6 per cent this fiscal,which will improve further in the next fiscal with likely recovery in the global economy...

India is expected to record a GDP growth rate of 6 per cent this fiscal,which will improve further in the next fiscal with likely recovery in the global economy,Planning Commission deputy chairman Montek Singh Ahluwalia said here on Monday. Next year they (IMF) expect the global economy to improve. I am hoping that our economy will also be able to improve, he said while talking Indian news agencies on the sidelines of the G-20 ministerial meeting. Noting that the global economy is passing through a very severe phase,Ahluwalia said,We are weathering it better than most countries. The India economy during 2008-09,according to advance estimates for national income released by the CSO in February,was estimated to grow by 7.1 per cent,down from 9 per cent in the previous fiscal.

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