Economy forecasted to grow 8.2% in 2011-12.

By bne IntelliNews August 18, 2011
India's economy is forecasted to grow 8.2% this fiscal year, irrespective of the US downgrade and its consequences upon the world economy. As reported by Asia Pulse, the Prime Minister's Economic Advisory Council (PMEAC) stated that the global economic and financial conditions are unlikely to recover anytime soon and is expected to impact the domestic economic growth. The overall inflation has been higher than the 9% mark since December last year and was recorded at 9.44% in June this year.

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