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India central bank, government backing V-shaped recovery

Growth is likely to boost inflationary pressures in the coming months
Thursday, March 2, 2017 - 05:50

India's economy is still smarting over Mr Modi's shock currency withdrawal that forced millions to spend days lining up to withdraw cash or exchange their worthless notes.


INDIA'S surprising economic strength last quarter will only renew debate over how much its unprecedented cash ban has curtailed growth and how quickly activity will bounce back.

While the Reserve Bank of India (RBI) and the government are backing a sharp V-shaped recovery,

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