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India may not see pickup in private capex cycle: JP Morgan

PMEAC chairman C Rangarajan has projected a 8.6% gross domestic product growth in FY11 and a 9% growth in the following fiscal. However, Sajjid Z Chinoy, Asia Economics, JP Morgan feels that given the high frequency indicators, it is very unlikely to see such pickup in the private capex cycle.

first published: Feb 22, 2011 02:36 pm

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