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Citigroup pegs India's GDP growth at 7.9% in FY15

Jun 11, 2015    

New Delhi: India's GDP growth is likely to revive to 7.9 per cent in the current financial year and then further up to 8.1 percent in 2016-17, driven by structural reforms and cyclical easing of the monetary policy, says a Citigroup report.According to the global financial services major, investment and consumption uptick is likely to result in a growth pick-up from 7.3 per cent in 2014-15. "Going forward, given the ongoing trends of structural reforms, coupled with cyclical easing of the monetary policy by further 25 basis points in the current fiscal and range-bound commodity prices, In...

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