Growth to slip to 5.4%: IMF
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India is likely to witness a larger-than-expected fall in its economic growth rate at 5.4 per cent in 2012-13 but it should pick up to six per cent in next fiscal, the International Monetary Fund (IMF) said today.
The government last month revised downward the economic growth for fiscal 2011-12 to 6.2 per cent from the earlier estimate of 6.5 per cent. The new estimate is to be released this week.
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