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Friday, January 22, 2010

Econ adviser: 9 pct growth rate seen for FY11

India should be back at a 9 percent growth rate by the next fiscal year, Kaushik Basu, chief economic adviser to the finance ministry, told reporters on Friday.

India's economy grew 6.7 percent in 2008/09, slowing from rates of 9 percent or more in the previous three years as the global credit crisis hit business activity.

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