Economy / India
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Macroeconomic Forecast India
November 2006 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Government View: The Indian Finance Minister Palaiappan Chidambaram expects the economy to grow by more than 8.0% in FY2006/07 (April-March). The central bank is also optimistic, forecasting growth of 8.0%. The finance ministry has also said that the recent rise in inflation does not suggest that the economy is caught in an inflationary spiral, since prices have not followed a unidirectional upward