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Stimulus has started showing results - Pranab

Wed Jul 15, 2009 6:13pm IST
 
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NEW DELHI (Reuters) - The raft of fiscal stimulus steps taken by the government since late 2008 are now yielding results, the finance minister told parliament on Wednesday.

Pranab Mukherjee also said the country was aiming to return to higher growth path as soon as possible.

Asia's third-largest economy expanded by 6.7 percent in 2008/09 (April/March), sharply slower than 9 percent or more in previous three years, as high borrowing costs and then the global economic crisis hit.

The government expects 7 percent growth in 2009/10.

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