According to Mr Montek Singh Ahluwalia deputy chairman, India's economy will stabilize in the next six months and loan growth is showing signs of improvement.
The panel said that India's third largest economy grew by 6.7% in 2008/09, slower than 9% or more expansion clocked in the previous three years and policy makers expect growth to slow towards 6% in 2009/10.
(Sourced from http://www.steelguru.com/news/index/2009/09/15/MTExNzQ5/Macroeconomic_indicators_-_Indian_economy_to_stabilize_in_6_month_-_Mr_Montek.html)
Monday, September 14, 2009
Macroeconomic indicators - Indian economy to stabilize in 6 month - Mr Montek
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