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8 May 2012, Live Mint

7% growth possible even without reforms: IMF

The 2012 Economic Outlook release, hosted by Gateway House and the International Monetary Fund on May 7th, has been reported in Live Mint, a business newspaper. The report outlines analysis and projections of economic developments in Asia-Pacific region for the year 2012

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The Indian government needs to introduce key reforms to improve infrastructure and address supply-side constraints to check inflation to spur economic growth beyond 7% a year, International Monetary Fund (IMF) officials said on Monday.

Even without any reforms, the economy is capable of growing at 7%, the officials said at a forum in Mumbai. The country has the potential to even grow at an annual pace of 9%—the rate it had attained before the 2008 financial crisis. To cross 7% growth will need policy and reform impetus.

 



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