GDP growth expected to return to 9% soon.

By bne IntelliNews September 20, 2012
India's gross domestic product (GDP) growth is expected to return to 9% soon, as the power sector is set to post a good performance. As reported by Indo-Asian News Service, Chief Minister Prthviraj Chavan stated that the central government has prepared a Debt Restructuring Plan for the State Electricity Distribution Companies, which have experienced combined losses of about INR 2,00,000cr. The restructuring is likely to involve fine-tuning the repayment schedule of debt owed by state electricity boards.

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