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Indian Economy to grow high

    • 144 posts
    January 24, 2014 11:19 PM IST

    Indian economy projected to grow at 5.35% in 2014 as prediected by the United Nations  which said the country's slowdown may have bottomed out. 

    The UN World Economic Situation and Prospects 2014 (WESP) report said a mild recovery in investment as well as stronger export growth will help in the gradual Gross Domestic Product pick-up. 

    It said the Indian economy, which accounts for over 70 per cent of total output in South Asia, slowed further in 2013. The growth was held back by weak household consumption and sluggish investment, the report added. 

     

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