Ahluwalia Sees Stabilization In India's Economy In Six Months

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India's Planning Commission Deputy Chairman Montek Singh Ahluwalia said that the country's economy would stabilize in the next six months, report the media. He said that the loan growth signaled improvement.

India grew 6.7% in 2008-09, lesser than the 9% or more growth in the previous three years, and policy-makers say that the GDP for the current fiscal would slow to 6%.

(Market News Provided by RTTNews)