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Article: India says growth could revive to 7.5 percent
- Article from:
- AP Worldstream
- Article date:
- July 2, 2009
- Author:
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The Indian government proposed sweeping economic reforms Thursday and said growth could revive to as much as 7.5 percent this year if the U.S. economy bottoms out by September and the monsoon rains return to normal.
Economic growth for the fiscal year through March slowed to 6.7 percent from an average of 8.8 percent in the previous five years.
"The speed at which the Indian economy returns to the high growth path in the short term depends on the revival of the global economy, particularly the U.S. economy, and the Government's capacity to push some critical policy reforms in the coming months," the Finance Ministry said in its annual economic survey.
The ...