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India: Chemicals Outperform Economy

8:12 AM MST | January 9, 2012 | Deepti Ramesh

India’s economic expansion is expected to slow in 2012, with a GDP growth forecast of 7%-8% for the fiscal years ending March 31, 2012 and 2013, compared with growth of 8.5% in the year ended March 31, 2011, the World Bank says. The slowdown is a result of uncertainty weighing on investment; tighter macroeconomic policies intended to fight still-high inflation; and comparisons with a strong agricultural rebound in the last fiscal year, the World Bank says. “Even as current economic activity decelerates quickly, India will maintain growth above 7% in...

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