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'Economy may recover in 2nd half of 2009'

Economist and former Reserve Bank Governor C Rangarajan said that the economy will recover in the second half of 2009 and there would be distinct improvement in growth in 2010-11. Gross domestic product (GDP) growth in 2008-09 would be below 7 per cent, down from 9 per cent recorded in the previous fiscal, he said while speaking at the 43rd convocation of the Indian Institute of Foreign Trade.   read more »

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