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India to see its economic growth slow down to 5%
On the 7th of February, the government of India informed that economic growth would slow down to 5 percent in the fiscal year ending March. According to the forecast, the India will witness the slowest rate of expansion in a decade. As a result, Prime Minister Manmohan Singh will face one more problem while he is struggling with muted investment and rising inflation. The International Monetary Fund has recently warned that India will witness an economic slowdown due to the aforementioned problems, namely, drops in investment and high inflation as well.
