India's economy could grow between 7.6 and 8% in the fiscal year to March 2012, Deputy Chairman of India's Planning Commission Montek Singh Ahluwalia said on Friday, adding that he was concerned about a recent growth slowdown.
Global weakness is exacerbating the slowdown in Asia's third-largest economy that grew at 8.5% in the last fiscal year but could expand by as little as 7.2% in the current fiscal year, according to some forecasts.
India's industrial output grew a much slower-than-expected 1.9% in September from a year earlier, government data showed on Friday. Also watch the accompanying video for Montek's comments...
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