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Tuesday, October 9, 2012 - 09:43 IST
IMF cuts India 2012 growth forecast to 4.9%
BY Reuters
Christine Lagarde-led IMF said India, Asia's third-largest economy, is expected to grow 4.9 per cent this year, down from a forecast in July of 6.1 per cent.
The IMF sharply lowered its forecasts for India and predicted "less buoyant" growth in the near- and medium-term for Asia as a whole, cautioning any cool down in China's investment surge will add to the drag on regional...
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