Wednesday, June 15, 2011

RBI: Downside risks to growth on local, global factors

India's Gross Domestic Product (GDP) growth has downside risks on account of some domestic and international factors, the Reserve Bank of India (RBI) said in the Financial Stability Report released on Tuesday. India's economy expanded 8.5 percent in the fiscal year ended March, and the central bank has forecast growth to moderate to about 8 percent in the current fiscal year

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