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Indian economy showing signs of recovery: Manmohan Singh

This article was posted on Nov 8, 2009 and is filed under Market News

NEW DELHI: There are clear signs of an upturn in the Indian economy, which is expected to expand by 6.5 percent in the year to March 2010. Prime Minister Manmohan Singh said on Sunday.

India’s economic growth had slowed to 6.7 percent in the 2008/2009 fiscal year through March after three years of at least 9 percent growth, and government officials have said growth in the current year is on track for approximately around 6.5 percent.

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