India forecasts weakest growth since 2009 - News - Dukascopy Bank
Tue, 07 Feb 2012 14:35:31 GMT
Source: Dukascopy
The government of India predicted the nation's economy will expand at slowest pace in three years, putting extra pressure on Reserve Bank of India to cut interest rates. Government predicts annual GDP to increase by 6.9% starting from March. India's economy grew 8.4% in period 2010-2011. The growth slowed down after central bank raised benchmark rates starting from 2010 until October 2011.
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