Amid grim global situation and high domestic interest rates, Prime Minister Manmohan Singh today said country’s economic growth is likely to slow down to 7-7.5 per cent this fiscal from 8.4 per cent last year.
“...growth in the current fiscal year is likely to be lower, between 7 and 7.5 per cent, in a large measure due to the continuing uncertainty in the global economic environment,” he said at the Chief Secretaries conference here.
From: http://ping.fm/75Bxc
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