India's growth rate is likely to drop

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

India's growth rate is expected to have declined in the period between July and September; the rate is projected to fall below 7%, being two-years low. The decrease indicates the necessity to cease the central bank's policy aimed at lowering inflation rate. However, despite changing interest rates for 13 times since March last year, the inflation rate is still above 9%.

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Tue, 29 Nov 2011 08:40:18 GMT

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