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India cuts growth outlook, calls for review of fiscal, monetary targets

Still, the South Asian country will remain the fastest growing major economy

MR JAITLEY: Has pledged to trim the fiscal deficit to an eight-year low of 3.9 per cent of the GDP in 2015/16

New Delhi

INDIA slashed its full-year growth forecast on Friday, citing weak global demand and lower farm output, and called for speedier reforms, as well as a review of fiscal and monetary policies, to resuscitate economic activity.

In a mid-year review, Prime Minister Narendra