Central bank of India cuts growth forecast

Note: This section contains information in English only.
Source: BBC
Indian central bank cut outlook for the expansion of the country's economy. The RBI said the growth for 2011 and 2012 is likely to be more moderate than expected. Bank blamed the high inflation rate that hit 7.47% last month, the lowest level in the last two year but still above the bank's target. The RBI also added that spillover from the indebted Euro Zone, low investments and exports all weighted on the economic perspectives of India.


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