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India: Growth Reaccelerates as Slowdown Comes to an End

7:50 AM MST | January 8, 2010 | Deepti Ramesh

India’s economic growth slowed with the global economic crisis, but GDP is forecast to accelerate in 2010. The Indian economy is expected to grow 7% this year, compared with 6% in 2009, according to a recent report by the Asian Development Bank (ADB; Manila). “The [Indian] government’s strong fiscal stimulus, complementing the Reserve Bank of India’s aggressive monetary policy easing, has successfully brought last year’s economic slowdown to an end,” says Jong-Wha Lee, chief economist at ADB. Better rainfall, a rebound in...

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