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News

 

Indian Economy may expand 7 per cent

 

July 29, 2009

 

Dr. Manmohan Singh, the prime minister of India announced that the economy in India might expand by as high as seven per cent in 12 months. This figure is considering the time period up to March 2010. He also made clear that the medium term goal should be to archive economic growth between seven to ten percent. This will have a positive impact on many things like creation of many jobs, reduction of poverty levels.

 

India experienced its slowest economic growth since 2003 in the time period up to 2009 March. But the economy still expanded by a good figure of around seven per cent. The deputy chairman of the Planning Commission in India said that the country does not need any further economic stimulus packages and it would be important to focus on the steps that have already taken.

 


 

                   


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