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Friday, July 23, 2010

Economy to grow 8.5 percent: PMEAC

The Prime Minister's Economic Advisory Council (PMEAC) on Friday revised the growth forecast for the current fiscal to 8.5 percent from 8.2 percent earlier.

Addressing a press conference here, the chairman of the advisory council Dr. C Rangarajan, said inflation would be 6.5 percent by the end of fiscal 2010.

This, he said, is mainly due to the prospect of a good monsoon. Read More

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