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Economy / India

Macroeconomic Forecast India

November 2006 | Macroeconomic Forecasts
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Government View: The finance ministry expects growth to exceed 8.0% in FY2006/07 (April-March). Meanwhile, the central bank is forecasting growth of 8.0% this year and believes that India has entered a new phase of higher growth. Prime Minister Manmohan Singh has cautioned, however, that unless the country's infrastructure is improved, it will act as a significant constraint on