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India's shocking GDP: What are RBI's options on June18?

Latest data shows the Indian economy grew at a shocking 5.3% in the fourth quarter of the last fiscal, a level last seen 9 years ago. This takes the overall FY12 growth numbers to an abysmal, lower-than-expected 6.5%. While the government is still putting on a brave face, the FY13 growth target of 7% may be a long shot.

first published: May 31, 2012 10:42 pm

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